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Regulacje i polityka gospodarcza · 29.12.1994

Policy Statement on Privately Operated Large-Dollar Multilateral Netting Systems; Notice FEDERAL RESERVE SYSTEM

As part of its payment system risk reduction program, the Board of Governors is updating its policies on ``Privately Operated Large-Dollar Funds Transfer Networks'' and ``Offshore Dollar-Clearing and Netting Systems'' and integrating those policies into a single policy statement on ``Privately Operated Large-Dollar Multilateral Netting Systems.'' The Board is incorporating into the new policy statement the minimum standards for the design and operation of privately operated large-dollar multilateral netting systems set forth in the Report of the Committee on Interbank Netting Schemes of the Central Banks of the Group of Ten Countries, which was published in November 1990 by the Bank for International Settlements.

Source: Federal Register — All DocumentsOpen original release →