Indonesia: CPSS Core Principles for Systemically Important Payment Systems

July 18, 2012

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Format: Chicago

Indonesia: CPSS Core Principles for Systemically Important Payment Systems, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

This paper presents key findings of the Financial Sector Assessment Program for Indonesia. The program covers Bank Indonesia’s real-time gross settlement (BI-RTGS) system’s observance of the Committee on Payment and Settlement Systems (CPSS) core principles for systemically important payment systems (SIPS). The assessment reveals that the legal foundation for payment systems in Indonesia is generally sound with explicit provisions for the central bank’s involvement in payment systems. The BI-RTGS generally functions well and is recognized as the only SIPS in Indonesia.

Subject: Banking, Clearing and settlement systems, Credit, Credit risk, Financial markets, Financial regulation and supervision, Money, Payment systems, Real time gross settlement systems

Keywords: Act No.23, BI branch, BI lodge, BI oversight function, BI power, BI Responsibilities, BI RTGS, BI staff, BI statute, Branches BI, Clearing and settlement systems, CR, Credit, Credit risk, ISCR, Payment system, Payment systems, Real time gross settlement systems, System objective

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/187
Stock No:

1IDNEA2012002
ISBN:

9781475504934
ISSN:

1934-7685

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