Oversight of Payment Systems in Angola
Central Bank Of Angola Oversight
Payment Systems Department
06.06.06/2008/003205
1.
Legal and Regulatory Frameworks
2.
Oversight Policies
3.
Payment system processing in Angola
4.
Cooperation
Legal and Regulatory Frameworks
Definition
“Oversight of payment and settlement systems is a
central bank function
whereby
safety and efficiency
are promoted by monitoring existing and planned systems,
assessing them against these objectives and, where necessary, inducing change”.
G10
report on oversight (2005)
Statutory Powers
Article 6º payment system law ( mandate)
Article 8º payment system law ( Obligations)
3
Oversight policies
4
Payment
systems
processing
in Angola
Organization / Co-operation
(i)
within the SADC
(ii)
to ensure harmonization of the oversight policy within the
SADC region
(ii) with other central banks at international level (e.g. CPMI)
–
to define and implement oversight requirements for global
infrastructures (iii) with supervisory authorities
–
to reconcile the « system » perspective and the « bank »
perspective
6
7
Obrigado.
Central Bank of Angola's Oversight Payment Systems Department ensures safety and efficiency by monitoring, assessing, and inducing change in payment systems. This involves legal frameworks, policies, cooperation, and organization within a global context.
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Presentation Transcript
06.06.06/2008/003205 Central Bank Of Angola Oversight Payment Systems Department
OVERSIGHT Legal and Regulatory Frameworks Oversight Policies Payment system processing in Angola Cooperation 1. 2. 3. 4.
3 Legal and Regulatory Frameworks Definition Oversight of payment and settlement systems is a central bank function whereby safety and efficiency are promoted by monitoring existing and planned systems, assessing them against these objectives and, where necessary, inducing change . G10 report on oversight (2005) Statutory Powers Article 6 payment system law ( mandate) Article 8 payment system law ( Obligations)
Oversight policies Type Instrument Metodology Moral suasion Continuos To induce changing Public annoucements To monitor To analize Periodic Memorandum of cooperation Service contracting Eventual Regulation 4
Payment systems processing in Angola Large Value Retail systemically important SPTR SIGMA CEVAMA Not systemically important SCC STC MCX
6 Organization / Co-operation (i) within the SADC (ii) to ensure harmonization of the oversight policy within the SADC region (ii) with other central banks at international level (e.g. CPMI) to define and implement oversight requirements for global infrastructures (iii) with supervisory authorities to reconcile the system perspective and the bank perspective
7 Obrigado.
