What is Payment System Oversight?
Payment System Oversight The supervisory function by which central banks and regulators monitor, assess, and enforce safety, efficiency, and reliability in payment systems as per global regulatory standards.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Payment System Oversight” Used in Practice?
Central banks conduct payment system oversight to mitigate systemic risk and ensure compliance with international standards such as CPMI-IOSCO.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Payment System Oversight?
The supervisory function by which central banks and regulators monitor, assess, and enforce safety, efficiency, and reliability in payment systems as per global regulatory standards.
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