BoE sets sights on payments systems
LONDON -- The Bank of England (BoE) is to establish a risk-based framework to guide its oversight of payment systems in the UK, according to a report it released at the end of January.
Attention to payment system risk is a fairly recent phenomenon. The BoE first established a dedicated payment systems oversight team in 2000, according to the report. The goal of the new framework "is to put in place a more structured process through which payment system risks can be identified and subsequently prioritised", the report says. The new framework should help the bank allocate
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