The European Central Bank (ECB) has published a press release stating that it has identified four key payment systems that are now under the ECB Regulation on oversight requirements for systemically important payment systems (the Regulation). The four systems identified, which consist of the value of payments settled, market share, cross-border relevance and provision of services to other infrastructures, and which will be regularly assessed for compliance with the Regulation, are:

  • TARGET2;
  • EURO1;
  • STEP2-T; and
  • CORE(FR).

View  ECB identifies systemically important payments systems, 21 August 2014