The five criteria for a payment system and the role of central banks  We at the Bank of Finland have defined five criteria which should serve as guiding principles when assessing the present payment systems and the future developments.
The Fed and the Federal Deposit Insurance Corporation believe that it is worthwhile to consider extending the cycle for living will submissions from annual to once every two years, and focusing every other of these filings on key topics of interest and material changes from the prior full plan submission.