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2014-01-16
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Policy on Payment System Risk
Notices
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United States
Federal Reserve System
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United States Government Agency or Subagency
The Board of Governors of the Federal Reserve System (Board) is proposing to revise part I of its Federal Reserve Policy on Payment System Risk (PSR policy), which sets forth the Board's views, and related principles and minimum standards, regarding the management of risk in payment, clearing, and settlement systems. These revisions are proposed in light of the Principles for Financial Market Infrastructures (PFMI), the international risk-management standards for financial market infrastructures (FMIs) published in 2012.\1\ These revisions are also proposed in light of the enhanced supervisory framework for designated financial market utilities as set forth in Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (``Dodd-Frank Act'' or ``Act''). In particular, certain revisions are intended to clarify that designated financial market utilities for which the Board is the Supervisory Agency under Title VIII of the Act are required to comply with Regulation HH and not the risk-management or transparency expectations set out in the policy. ---------------------------------------------------------------------------
79 FR 2838
https://www.govinfo.gov/app/details/FR-2014-01-16/2014-00681
2014-00681
fr16ja14-51
P
Docket No. OP-1478
https://www.govinfo.gov/app/details/FR-2014-01-16/2014-00681
https://www.govinfo.gov/content/pkg/FR-2014-01-16/html/2014-00681.htm
https://www.govinfo.gov/content/pkg/FR-2014-01-16/pdf/2014-00681.pdf
13 p.
2838
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79 FR 2838
Policy on Payment System Risk; Federal Register Vol. 79, Issue
NOTICE
2014-00681
FEDERAL RESERVE SYSTEM
2014-03-31
Docket No. OP-1478
P
2014-00681
Policy statement; request for comment.
The Board of Governors of the Federal Reserve System (Board) is proposing to revise part I of its Federal Reserve Policy on Payment System Risk (PSR policy), which sets forth the Board's views, and related principles and minimum standards, regarding the management of risk in payment, clearing, and settlement systems. These revisions are proposed in light of the Principles for Financial Market Infrastructures (PFMI), the international risk-management standards for financial market infrastructures (FMIs) published in 2012.\1\ These revisions are also proposed in light of the enhanced supervisory framework for designated financial market utilities as set forth in Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (``Dodd-Frank Act'' or ``Act''). In particular, certain revisions are intended to clarify that designated financial market utilities for which the Board is the Supervisory Agency under Title VIII of the Act are required to comply with Regulation HH and not the risk-management or transparency expectations set out in the policy. ---------------------------------------------------------------------------
Comments are due on or before March 31, 2014.
Jennifer A. Lucier, Deputy Associate Director (202) 872-7581, Emily A. Caron, Senior Financial Services Analyst (202) 452-5261, or Kathy C. Wang, Senior Financial Services Analyst (202) 872-4991, Division of Reserve Bank Operations and Payment Systems; Christopher W. Clubb, Special Counsel (202) 452-3904 or Kara L. Handzlik, Counsel (202) 452-3852, Legal Division; for users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263-4869.
Policy on Payment System Risk
,
regs.comments@federalreserve.gov
http://www.bis.org/publ/bcbs227.pdf
http://www.bis.org/publ/bcbs253.pdf
http://www.bis.org/publ/cpss04.pdf
http://www.bis.org/publ/cpss101.htm
http://www.bis.org/publ/cpss101a.pdf
http://www.bis.org/publ/cpss106.htm
http://www.bis.org/publ/cpss106.pdf
http://www.bis.org/publ/cpss111.pdf
http://www.bis.org/publ/cpss43.htm
http://www.bis.org/publ/cpss46.htm
http://www.bis.org/publ/cpss64.htm
http://www.bis.org/publ/cpss68.htm
http://www.federalreserve.gov
http://www.federalreserve.gov/bankinforeg/reglisting.htm#HH
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm
http://www.federalreserve.gov/paymentsystems/pfs_principles.htm
http://www.federalreserve.gov/paymentsystems/psr_relpolicies.htm
http://www.financialstabilityboard.org/cos/key_standards.htm
http://www.regulations.gov
Federal Register
Vol. 79, no. 11
Office of the Federal Register, National Archives and Records Administration
2014-01-16
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Table of Contents:
AE 2.7:
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AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2014-01-16
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0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr16ja14
https://www.govinfo.gov/app/details/FR-2014-01-16
https://www.govinfo.gov/content/pkg/FR-2014-01-16/pdf/FR-2014-01-16.pdf
https://www.govinfo.gov/content/pkg/FR-2014-01-16/xml/FR-2014-01-16.xml
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