Thursday, November 06, 2003

Payment Systems Oversight / Supervision

The Dutch Ministry of Finance has today explained the tasks of De Nederlandsche Bank with respect to overseeing payment systems and maintaining financial stability. It described four options in case of financial stability problems in the market:

1-solution by market players themselves

2-liquidity support by central bank (only possible with on basis of securities),

3-government guarantee or recapitalisation by Ministry of Finance