Payment and Settlement Systems - Vision 2009-12 - Part 1

Payment and Settlement Systems  - Vision 2009-12

Annual Policy Statement for the Year 2010-11

Part 1

	Policy Stance	What is there in it
1	Membership to the Committee on Payment and Settlement Systems	·        India was included as one among 9 other countries for The Committee on Payment and Settlement Systems (CPSS), constituted under the aegis of the Bank for International Settlements (BIS) ·        The Reserve Bank is also represented on three Working Groups of the CPSS
	Why is this required?	How it will impact?
	·        This will aid in developing a robust payments settlement system, which will benefit the economy as well as the common man. ·	·        Please visit my earlier post on the CPSS membership ·        http://prashantnepayments.blogspot.com/search/label/CPSS ·        This will enable our country, to be part of the latest developments in ePayments. ·        At the same time, the experience-sharing with old and new members, will aid the Indian ePayments Players, to avoid the pit-falls, for a smooth ePayments ride.

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Committee On Payment And Settlement Systems - CPSS

What Does Committee On Payment And Settlement Systems - CPSS Mean?
A committee made up of the central banks of G10 countries that monitors developments in payment, settlement and clearing systems in an attempt to contribute to efficient payment and settlement systems, and build strong market infrastructure. The CPSS was created in 1990, and its secretariat is hosted by the Bank for International Settlements.

Investopedia explains Committee On Payment And Settlement Systems - CPSS
The Committee on Payment and Settlement Systems undertakes its work through specific studies by working groups as required, and publishes reports on its findings. The committee also extends its work outside of the G10 countries by creating relationships with the central banks in many emerging market economies.

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