Regulating access to international large-value payment systems

This paper studies access regulation to international large-value payment systems when banking supervision is a national task. Leaving access regulation to the private banks can only be optimal if they have superior information about the risk of their foreign counterparty in the settlement system.

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Bibliographic Details
Published in:Policy File 2000
Main Authors: Holthausen, Cornelia, Ronde, Thomas
Format: Report
Language:English
Subjects:
Banking/Finance
Economic policy
European Central Bank
Online Access:Request full text
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Summary:This paper studies access regulation to international large-value payment systems when banking supervision is a national task. Leaving access regulation to the private banks can only be optimal if they have superior information about the risk of their foreign counterparty in the settlement system.