CPSS releases book on payment and other financial market infrastructures

September 02, 2011: The Committee on Payment and Settlement Systems (CPSS) has today released a new edition of its reference work on payment and other financial market infrastructures in the CPSS countries, widely known as the “Red Book”. The Red Book describes the current payment, clearing and settlement systems in the CPSS countries.

Following the enlargement of the CPSS to 24 members in 2009, the new edition is being published in two volumes. The first volume covers 10 countries; : Australia, Brazil, Canada, India, Korea, Mexico, Russia, Singapore, Sweden and Switzerland. The second volume, which covers Belgium, China, France, Germany, Hong Kong SAR, Italy, Japan, the Netherlands, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States The second volume covering the remaining countries is scheduled for release in 2012. It will also include descriptions of various international payment arrangements.

Properly functioning financial market infrastructures enhance the stability of the financial sector, reduce transaction costs in the economy, promote the efficient use of financial resources, improve financial market liquidity and facilitate the conduct of monetary policy. CPSS Red Book will contribute to the general understanding and awareness of these issues by providing information on the arrangements in the CPSS countries.

Banknet is organizing 7th Edition of Annual International Bank Tech Summit on 20th September 2011 at Taj Lands End, Mumbai, India which focuses on "Strategies & Management of Technologies for BFSI in the Next Decade". Session on Multi Channel Strategies & Management will deliberate on Payments, Mobile, Internet, ATMs, Credit Cards, Point of Sale etc ... Read more


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