The European Central Bank (ECB) is today publishing the "Eurosystem oversight policy framework".The framework describes the role of the Eurosystem in the field of oversight, i.e. a central bank function through which the safety and efficiency of payment and settlement systems are promoted by monitoring them, assessing them and, where necessary, inducing change. Promoting the smooth operation of payment systems is a key task of the Eurosystem. For the performance of this task, the Eurosystem applies three approaches: it takes an operational role, conducts oversight activities and acts as a catalyst.
The framework provides an overview of the existing set
The framework provides an overview of the existing set
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