Published by Gbaf News
Posted on April 10, 2012
5 min readLast updated: January 22, 2026
The Eurosystem has established a harmonised single set of oversight expectations for retail payment systems to properly oversee the link arrangements between these systems. This document, entitled “Oversight expectations for links between retail payment systems”, covers risks related to legal, financial and operational arrangements, as well as issues related to access, governance and efficiency. The Eurosystem would like to invite all interested parties to comment on the document proposal by 18 May 2012, particularly by answering the following questions.
The final version of the oversight expectations will be published in the ECB’s website once the public consultation is complete. Any comments received will be made public on the internet unless it is clearly indicated that the author does not consent to such publication. Comments should be sent in English or the relevant official Community language, either to the European Central Bank, Secretariat Division, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany, Fax: +49 69 1344 6170, E-mail: ecb.secretariat@ecb.int or to any of the national central banks of the Eurosystem.
Notes for Editors
Smooth and efficient payment systems are essential contributors to financial stability, a core objective of central banks. The Eurosystem, as part of its payment system oversight task, established in 2003 the “Oversight standards for euro retail payment systems,” and subsequently classified and assessed all retail payment systems operating in the euro area against these standards. However, given the different types of risks that are inherent to link arrangements between retail payment systems, the Eurosystem deemed that the “Oversight standards for euro retail payment systems” were not designed to cover all the specific risks associated with these links, and that therefore they needed to be overseen using a separate set of oversight expectations.
Copyright © for the entire content of this website: European Central Bank, Frankfurt am Main, Germany.
The Eurosystem has established a harmonised single set of oversight expectations for retail payment systems to properly oversee the link arrangements between these systems. This document, entitled “Oversight expectations for links between retail payment systems”, covers risks related to legal, financial and operational arrangements, as well as issues related to access, governance and efficiency. The Eurosystem would like to invite all interested parties to comment on the document proposal by 18 May 2012, particularly by answering the following questions.
The final version of the oversight expectations will be published in the ECB’s website once the public consultation is complete. Any comments received will be made public on the internet unless it is clearly indicated that the author does not consent to such publication. Comments should be sent in English or the relevant official Community language, either to the European Central Bank, Secretariat Division, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany, Fax: +49 69 1344 6170, E-mail: ecb.secretariat@ecb.int or to any of the national central banks of the Eurosystem.
Notes for Editors
Smooth and efficient payment systems are essential contributors to financial stability, a core objective of central banks. The Eurosystem, as part of its payment system oversight task, established in 2003 the “Oversight standards for euro retail payment systems,” and subsequently classified and assessed all retail payment systems operating in the euro area against these standards. However, given the different types of risks that are inherent to link arrangements between retail payment systems, the Eurosystem deemed that the “Oversight standards for euro retail payment systems” were not designed to cover all the specific risks associated with these links, and that therefore they needed to be overseen using a separate set of oversight expectations.
Copyright © for the entire content of this website: European Central Bank, Frankfurt am Main, Germany.
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