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IN SCOPE (Currently)


Principles for financial markets infrastructures:
Bank for International Settlements (BIS) and International Organization of Securities Commission (IOSCO): The report contains new and more demanding international standards for payment, clearing and settlement systems. Issued for public consultation by the CPSS and the Technical Committee of the International Organization of Securities Commissions (IOSCO), the new standards (called "principles") are designed to ensure that the essential infrastructure supporting global financial markets is even more robust and thus even better placed to withstand financial shocks than at present.
STATUS: open for comments till July29th, 2011.
               final report expected early 2012 strived adoption into frameworks end 2012.
TARGET: Mitigation Operational Risk in the full life cycle and through the value chain.
BENEFITS: Generic use of procedures and transparancy.
INFO:
http://www.bis.org/publ/cpss94.htm

Single Euro Payments Area:
TARGET: implementation of SEPA functionalities in supply chain, end user to interface with banking systems and product development within customer usergroups.
BENEFITS: less banking costs, processing efficiency, product effectiveness and risk mitigation.

Single Euro Cash Area:
TARGET: analyses of possible solutions in value chain of Cash Services and Logistics.
BENEFITS: expanding markets, increasing generical processing, product transparancy.

Payments Service Directive:
TARGET: implementation of PSD functionalities in supply chain.
BENEFITS: customised availability cash, processing and product transparancy.

Target2-Securities:
TARGET: development, introduction and implementation of functionalities in supply chain.
BENEFITS: less banking costs, processing efficiency, product effectiveness and risk mitigation.

Cash Services NL:
TARGET: shared services on Physical Cash handling and cost effective processing.
BENEFITS: economy of scales and chain integration.

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