All these are regulated by their respective rules and procedures, as in the case of the Rules relating to Electronic Clearing Service (ECS), the Electronic Fund Transfer (EFT) Regulations and the bye-laws relating to the operations of the systems of the Clearing Corporation of India Ltd.  6  BIS Review 57/2003  The Bank for International Settlements, Basel, has formulated a set of ‘Core Principles for Systemically Important Payment Systems’ which are the minimum requirements for a sound payment system.
By contrast, resolution powers were needed for the majority of CCPs to generate sufficient resources to cover non-default losses  in certain scenarios. See CPMI, FSB and IOSCO (2022), “Central Counterparty Financial Resources for Recovery and Resolution”, March. 11.