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Release of the"Policy on Oversight of Payment and Settlement Systems" and the"Policy on Oversight of Offshore Yen Payment Systems"

May 14, 2010
Bank of Japan

Today, the Policy Board of the Bank of Japan has adopted and released the "Policy on Oversight of Payment and Settlement Systems" [PDF 109KB] and the "Policy on Oversight of Offshore Yen Payment Systems" [PDF 27KB].

On March 15, 2010, the Bank of Japan launched a public consultation on the oversight policies for both domestic and offshore payment and settlement systems. 1 By the end of the consultation period, 10 responses had been received from related parties, including payment systems, central counterparties, and market participants.

  1. The Bank released an English translation of the consultative oversight policy for offshore yen payment systems [PDF 33KB] on March 19, 2010. Since the release of consultative document, minor editorial revisions have been made to the oversight policy for offshore yen payment systems.