Payment System Interoperability and Oversight: The International Dimension

October 1, 2016

This report considers the implications of PSI interlinking and international interoperability for central bank oversight policy, and elaborates on a set of principles that complement those developed in the companion report. The principles cover some critical institutional aspects which underpin the establishment of international interoperability agreements, as well as the planning and implementation stages of the agreements, and their sustainability. National public authorities and private sector stakeholders should consider adopting these principles when establishing international interoperability agreements.

The author of this Technical Report is Biagio Bossone, International Financial Consultant. Contributions were received from the members of the FG DFS Interoperability Working Group. The Technical Report was reviewed by the ITU Focus Group Digital Financial Services (FG DFS). Thomas Lammer provided the overall guidance for this project.

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