IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2012v6i1p67-79.html
   My bibliography  Save this article

Towards interoperability for European payment infrastructures

Author

Listed:
  • Sciusco, Luigi R. F.

Abstract

This paper describes the EU Commission Communication on interoperability of public services, adopted in December 2010, and its possible implementation by financial market infrastructures. The Commission defined ambitious objectives and their achievement requires close collaboration between regulators and markets in order to streamline cross-border processes, to establish trusted information exchange, and to create interoperable infrastructures and systems. It is a cornerstone, and the implementation of the EU Commission recommendations by payment systems could help cultivate a European ecosystem with citizens familiar with interoperability and financial market infrastructures ready to collaborate, and common frameworks, tools and services facilitating the establishment of European financial services. The paper explains the relevance of the Communication for European financial market infrastructures and analyses how they could benefit from the application of the most relevant recommendations of the EU Commission for the financial sector. The paper draws conclusions on the possible involvement of European payment systems overseers to provide financial market infrastructures and their providers with proper incentives for interoperability.

Suggested Citation

  • Sciusco, Luigi R. F., 2012. "Towards interoperability for European payment infrastructures," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 6(1), pages 67-79, May.
    • Handle: RePEc:aza:jpss00:y:2012:v:6:i:1:p:67-79
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/832/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/832/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    European interoperability framework/strategy; payment systems standards; financial market infrastructures;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2012:v:6:i:1:p:67-79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.