marketwatch TECHNICAL UPDATE (TT Apr08 p6-7)
The Treasurer April 2008
1 April 2008
Payment systems take the strain
The Bank of England published its fourth payment systems oversight report at the end of February. The Bank currently has non-statutory responsibility for ensuring the resilience of payment systems, while the Financial Services Authority (FSA) has responsibility for the regulation of members and other elements of market infrastructure (for example, clearing and settlement systems).
