Although the wholesale payment systems operate unnoticed daily, these arrangements are crucial for our daily life. In this thesis I attempt to shed more light on the settlement risk in traditional wholesale payment systems based on corresponding banking (CB) settlement, and the Continuous Linked Settlement (CLS) systems, and a new settlement system based on the Distributed Ledger Technology (DLT). The contemporary systems for cross-border payments are complex, costly, and fragmented, so, many companies and authorities are searching for a more viable solution to take advantage of modern technology, and for creation of a safe and efficient payment system. It is necessary to improve the interoperability among the local and global financial inf...
In this paper, we report on the main building blocks of an ongoing project to develop a computationa...
The increased fragility of the banking industry has generated growing concern about the risks assoc...
This paper addresses the choice of banks between alternative channels for interbank payments. The co...
Although the wholesale payment systems operate unnoticed daily, these arrangements are crucial for o...
Although the wholesale payment systems operate unnoticed daily, these arrangements are crucial for o...
The increased fragility of the banking industry has generated growing concern about the risks associ...
In recent years regulators have been increasingly focusing their attention on payment, clearing and ...
The launch of the CLSTM system on 9 September 2002 marked the completion of an ambitious project und...
Most people are familiar with retail payments systems such as checks and credit cards. Less familiar...
Financial law and regulation have, to date, assumed that regulated activities and functions are conc...
Financial law and regulation have, to date, assumed that regulated activities and functions are conc...
Examines the international progress towards regulatory harmonisation of cross border electronic fund...
Large-value payment systems have evolved rapidly in the last 20years, continually striking a balance...
Each day huge amounts of money are transferred between financial institutions around the world as se...
Each day huge amounts of money are transferred between financial institutions around the world as se...
In this paper, we report on the main building blocks of an ongoing project to develop a computationa...
The increased fragility of the banking industry has generated growing concern about the risks assoc...
This paper addresses the choice of banks between alternative channels for interbank payments. The co...
Although the wholesale payment systems operate unnoticed daily, these arrangements are crucial for o...
Although the wholesale payment systems operate unnoticed daily, these arrangements are crucial for o...
The increased fragility of the banking industry has generated growing concern about the risks associ...
In recent years regulators have been increasingly focusing their attention on payment, clearing and ...
The launch of the CLSTM system on 9 September 2002 marked the completion of an ambitious project und...
Most people are familiar with retail payments systems such as checks and credit cards. Less familiar...
Financial law and regulation have, to date, assumed that regulated activities and functions are conc...
Financial law and regulation have, to date, assumed that regulated activities and functions are conc...
Examines the international progress towards regulatory harmonisation of cross border electronic fund...
Large-value payment systems have evolved rapidly in the last 20years, continually striking a balance...
Each day huge amounts of money are transferred between financial institutions around the world as se...
Each day huge amounts of money are transferred between financial institutions around the world as se...
In this paper, we report on the main building blocks of an ongoing project to develop a computationa...
The increased fragility of the banking industry has generated growing concern about the risks assoc...
This paper addresses the choice of banks between alternative channels for interbank payments. The co...