Like most other central banks, the Riksbank has a responsibility to oversee the functioning of the payment systems. Internationalisation has increased the requirement that different countries’ payment systems shall meet certain common minimum standards to strengthen the stability of the financial systems.
In recent years, a number of norms have therefore been established for payment systems. There are different types of minimum requirements for different types of payment and settlement systems. The Riksbank regularly assesses the Swedish systems in accordance with these norms. The Riksbank has assessed the systems that manage payments to and from the banks' accounts with the Riksbank, RIX, Bankgirocentralen,BGC, and Värdepapperscentralen, VPC. These assessments can be viewed at the links below.
The Riksbank also takes part in the assessment of certain international systems, according to these norms.
- For systemically-important payment systems the Bank for International Settlements, BIS, has established through its working group the Committee on Payment and Settlement Systems, CPSS, (see link below), a document that contains ten basic principles. This document (see link below) also defines four areas where the central bank has additional responsibility.
- For settlement systems for securities the CPSS (see link below), together with the International Organisation of Securities Commission, IOSCO, (see link below) has established a document containing nineteen basic recommendations (see link below).
- For central counterparties the CPSS and IOSCO are working on a document that will contain norms.
The most recent assessments made by the Riksbank can be found below under the links specified.