Examples of this are the minimum standards for the design and operation of cross-border and multi-currency netting and settlement schemes, often called the Lamfalussy criteria, and studies on the settlement risk of foreign exchange transactions.
Moreover, the committee is currently working on the formulation of “Core principles for systemically important payment systems” which are intended to contribute to a reduction of risk, not only at the G10 level but also worldwide. Why now does the CPSS also concern itself with questions of retail payment systems where, owing to the lower transactions, considerations of risk are of minor importance?