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?
Well, the central banks perceive their responsibility in this area too and they do so within their general role as overseer in payments.