Cover IMF Staff Country Reports
Indonesia: CPSS Core Principles for Systemically Important Payment Systems
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 187
Language:
English
Publication Date:
18 Jul 2012
DOI:
https://doi.org/10.5089/9781475504934.002
ISBN:
9781475504934
ISSN:
1934-7685
Pages:
28
Keywords:
ISCR; CR; payment system; BI oversight function; BI RTGS; BI power; BI staff; Act No.23; branches BI; BI Responsibilities; BI lodge; BI branch; BI statute; system objective; Payment systems; Real time gross settlement systems; Clearing and settlement systems; Credit risk; Credit
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund