Second, the Bank encourages the operators of private-sector payment and settlement systems to maintain and enhance the safety of their services, an important activity which is commonly called “central bank oversight.”1 Third, the Bank cooperates with market participants and supports your initiatives to review and improve market practices related to trading, payment, clearing and settlement.
Here I will focus on our role as an operator of the JGB settlement system and talk about what has been done to date and what will be done in the future.