- Payments Risk Committee final Intraday Liquidity Flows report
The Intraday Liquidity Flows report provides a view of the infrastructure that enables more than
$14 trillion of USD denominated payments and the associated $9 trillion of cash needed to settle those
payments to move through the financial system. The study describes the dependencies and interconnections across payments, clearing, and settlement systems and highlights the importance of the underlying infrastructures and the value of continuous review of and improvements to liquidity management.
- Task Force on Tri-Party Repo Infrastructure
Payments Risk Committee Final Report
The Tri-Party Repo Infrastructure Reform Task Force ("the Task Force"), under the auspices of the Payments Risk Committee (PRC), released its final report concluding the work of the Task Force in its May 17, 2010 report. The Target State outlined in the report directly addresses one of the key infrastructure weaknesses of the U.S. tri-party repo market.
- PRC's comment letter on the CPSS-IOSCO consultative report, Principles for financial market infrastructures
In formulating these remarks the Payments Risk Committee (“PRC”) has focused primarily on the issues raised in the cover note to the consultative report on Principles for Financial Market Infrastructures (the “Report”). In addition, these remarks apply primarily to central clearing counterparties (“CCPs”), but in some cases the underlying principles are relevant to other FMIs.
- Task Force on Tri-Party Repo Infrastructure Progress Report
The Tri-Party Repo Task Force issued recommendations in May 2010 to reduce the potential for systemic risk in the tri-party repo market1. Since that time, the Task Force has continued to meet to secure effective implementation of these recommendations, in particular those relating to changes in operational arrangements and the reduction of intraday credit provided by the Clearing Banks. This Progress Report provides an update on the status of the Task Force's recommendations.
- Tri-party Repo Infrastructure Reform Task Force
The Task Force was formed in September 2009 under the auspices of the Payments Risk Committee (PRC), a private sector body sponsored by the Federal Reserve Bank of New York ("the NY Fed"). The Task Force was formed at the request of the NY Fed to address weaknesses that became visible over the course of the recent financial crisis.
- New Proposals on Operational Changes Offered by the Tri-party Repo Infrastructure Reform Task Force
The document outlines the Task Force's proposals for two sets of operational changes to current tri-party repo settlement processes and an implementation time table for these processes and other recommendations as described in the May 2010 report.
- Report of the Tri-Party Repo Infrastructure Reform Task Force
The report presents the Task Force recommendations to enhance the infrastructure supporting tri-party repo transactions.
- Task Force on Tri-Party
Repo Infrastructure Progress Report
In the interest of transparency and to make the Task Force’s ideas available to a broader audience, the progress report summarizes the Task Force’s progress to date, including draft recommendations and proposals under consideration.
- Financial Market Infrastructure Risk
A study of how global banks assess, measure and manage the risks associated with participating in systems handling payments, clearing and settlement in the U.S. and around the world.
- Report of the Joint
Task Force on the PSR Policy Consultation Paper
A joint report of the Payments Risk Committee and Wholesale Customer
Advisory Group that reviews some of the underlying activities and
processes that contribute to late day funds transfer activity on the
Fedwire Funds Transfer System.
- Global Payment
Liquidity: Private Sector
Solutions
Evaluates the potential market demand and possible viability of three
proposed private sector intraday liquidity services.
- Foreign Exchange Settlement
Risk
Assesses the impact of the CLS Bank and overall progress in reducing
foreign exchange settlement risk.
- Best Practices to Assure Telecommunications
Continuity
Identifies best practices for financial institutions and payment and
settlement utilities to avoid and rapidly recover from telecommunication
outages.
- Managing Payments Liquidity in Global Markets:
Risk Issues and Solutions
Investigates potential implications for global intraday liquidity
arising from recent developments in the global markets and payments
environment.
- Intraday Liquidity Management in the Evolving
Payment System
Examines the impact of the euro, CLS Bank, and CHIPS finality on U.S.
dollar intraday liquidity management.
- Presentations
Delivered at the Conference on Electronic Security in the Payments
System
- Report on Cross-Border Risks
Analyzes risks and issues associated with cross-border securities
settlement.
