Measuring Payment System Development
|
|
- Erin May
- 5 years ago
- Views:
Transcription
1 Measuring Payment System Development Cape Town, April 7th, 2009 Jose Antonio Garcia Payment Systems Development Group
2 Background, Rationale and Purpose for obtaining Payment Systems Indicators Requested by World Bank Senior Management An improved framework for Monitoring & Evaluation A key purpose is to ensure WB s assistance and resources will focus in those regions and countries where such assistance is needed the most The exercise also intends to provide central banks, in particular in developing countries, with a tool to monitor developments in their payments systems and to compare them with other countries - a need expressed to the PSDG on many occasions
3 General Methodology Based on the answers to the World Bank s Global Payment Systems Survey 2008 For each individual area subject to measurement, the sample of countries is divided, according to results, in four levels of development (similar to the FSAP program) Providing a ranking of individual countries was not considered in this iteration, but might be included for the next exercise
4 General Methodology The methodology to calculate the various levels of payment system development, developed by PSDG, is presented as Chapter 1 in the publication (now available at Tables containing the answer of all countries to each of the questions presented in the Global Survey were published as an appendix to Payment Systems Worldwide: a Snapshot (WB, 2008) Therefore, in principle anybody would be able to draw their own conclusions as to the relative ranking of each country
5 Payment System Sub-components being Measured 1. Legal and Regulatory Framework for Payment Systems, Payment Instruments, and Oversight 2. Large-value Payment Systems 3. Retail Payment Systems 4. The enabling environment for the Payment System Oversight function
6 Rationale behind the grading system for each of the Areas for Measurement 1. Legal and Regulatory Framework for Payment Systems, Payment Instruments, and Payment System Oversight CPSS Core Principles Principles I and II 2. Large-value Payment Systems CPSS Core Principles Principles III through X 3. Retail Payment Systems Composed of various sub-indicators (see next slides) 4. Actual Deployment and Performance of the Payment System Oversight Function CPSS Core Principles Central Bank Responsibilities in Applying the Core Principles
7 Area 1: Legal and Regulatory Framework for Payment Systems, Payment Instruments and Oversight
8 Area 1: Legal and Regulatory Key legal concepts covered by the existing legal framework Finality, bilateral and multilateral netting, non-existence of zero-hour rule, protection of securities pledged in a payments system, electronic processing of payments, etc. Central Bank Legal Powers to Oversee Payment Systems Formal powers for Oversight? Explicit vs. Implicit and how this is developed in regulations. Scope given by law, etc.
9 Key Payment Systems Concepts covered in the Legal Framework (% of countries that answered positively to each item) Protection of collateral pledged in payment systems Enforceability of security interests in repos/pledged collateral No existence of zero hour rules Electronic processing of payments Bilateral and multilateral netting Settlement finality
10 Legal Powers for Oversight 60% 50% 50% 47% 40% 30% 20% 8% 10% 0% No Formal Powers Powers IMPLICIT Powers EXPLICIT Figures do not add-up to 100% as some countries checked both no formal powers and implicit powers
11
12 Large-Value Payment Systems
13 Area 2: Large Value Payment Systems Two sub-components measured independently Sub-Component 1: System Design and Key Policy Decisions that Affect the Safety, Soundness and Efficiency of the System. Issues covered: Liquidity Risks Credit Risks for Operator/Intraday Liquidity Provider Resilience and Business Continuity Access Rules and Policies System Governance * Special Procedure for Large-Value Cheques (only to be applied when no RTGS system is in place)
14 System(s) used for Large-value Payments 100% 80% 60% 40% 20% 0% Highest World Lowest 100% 79% 67% EU-15 LAC, 33% SA 34% EU-15, EU-NM 40% SA EAP 17% 7% 0% RTGS Cheques Other AFR
15
16 Area 2: Large Value Payment Systems (cont.) Sub-Component 2: Actual Usage of the System being rated versus other Systems (e.g. cheques, manual or semi-manual gross systems) that process Large- Value Payments No classification of countries is made as part of this sub-component Maps only show share of RTGS vs. other systems
17 Value Settled through RTGS Systems in 2006: Turnover of GDP (times, simple average by region) ECA EU-15 EU-NM ODC EAP LAC MENA SA SSA
18
19 Area 3: Retail Payment Instruments and Systems
20 Area 3: Retail Payment Systems Two sub-components measured independently Sub-Component 1: Deployment of Infrastructure to process Retail Payment Instruments and Key Policy Decisions that Affect the Safety, Soundness and Efficiency of the Services Provided. Issues considered: ACH infrastructure and (some) Cheque Clearinghouse Features POS terminals infrastructure Interoperability of Infrastructure Scope of Payment System Oversight
21 2,500 Payment Cards* In Circulation per 1000 inhabitants (as of end-2006) 2,405 2,000 1,647 1,500 1, EU-15 EU-NM ODC AFR EAP ECA LAC MNA SA *Includes debit cards, credit cards, and other non-prepaid products ** Simple average *** For Africa, if South Africa and Mauritis are excluded the number is then 51
22 POS Terminals per 1 million inhabitants (as of end-2006) 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, ,419 9,495 18,812 1,291 1,693 3,181 3,626 2,445 EU-15 EU-NM ODC AFR EAP ECA LAC MNA SA * Simple average ** For Africa, if South Africa and Mauritis are excluded the number is then
23 Interoperability of ATMs and POS Interoperability of ATMs Interoperability of POS Terminals Full Partial Low Full Partial Low Central Bank Opinions # % # % # % # % # % # % Worldwide totals (128) 67 52% 34 27% 15 12% 65 51% 29 23% 20 16% European Union-15 (15) 12 80% 3 20% 0 0% % 0 0% EU-Newer members (12) 9 75% 3 25% 0 0% 10 83% 1 8% 1 8% Other Developed C. (14) 11 79% 1 7% 1 7% 10 71% 3 21% 0 0% Europe - Central Asia % 10 63% 1 6% % 2 13% East Asia and Pacific (10) 4 40% 1 10% 3 30% 0 0% 3 30% 5 50% Latin America & Caribbean % 5 22% 5 22% 11 48% 6 26% 3 13% Middle East & North Africa (12) 8 67% 2 17% 0 0% 5 42% 4 33% 1 8% South Asia (6) 2 33% 1 17% 2 33% 2 33% 0 0% 3 50% Sub-Saharan Africa (20) 6 30% 8 40% 3 15% 8 40% 3 15% 5 25%
24
25 Area 3: Retail Payment Systems (cont.) Sub-Component 2: Efficiency of payment instruments used, and extensiveness of usage of cashless payment instruments. Specific issues considered: Extensiveness of usage of cashless instruments Efficiency of payment instruments used: electronic instruments vs. paper-based instruments
26 Non-cash retail payment transactions per capita for year % 181% % % % Number of transactions % 45% 41% 61% % 100% 80% 60% Growth Rate 2006 vs % % 39% 11% 40% 20% 0 East Asia and Pacific Europe and Central Asia Latin America and Caribbean Middle East and North Africa South Asia Sub-Saharian Africa European Union 15 EU Newer Members Other Developed Countries 0% Regions
27 Statistical Trends* Instrument % of total non-cash payments (in terms of volume) Change in volume 2006 vs Average value of each payment (in US$, year 2006) Cheques World: 22% Developing: 43% World: 0% Developing: 11% World: $5,009 Retail electronic credit transfers World: 15% Developing: 21% World: 123% Developing: 107% World: $3,435 Direct debits World: 11% Developing: 2% World: 108% Developing: 55% World: $588 Payments with debit cards World: 35% Developing: 30% World: 199% Developing: 388% World: $68** Payments with credit cards World: 17% Developing: 4% World: 173% Developing: 471% World: $100 *Preliminary calculations for Developing Countries **Simple average for both World and Developing Countries *** For some countries, the value reported for debit cards included both debit cards and credit cards transactions
28
29 Area 4: The Enabling Environment for the Payment System Oversight
30 Area 4: Payment System Oversight Looks at the enabling environment for Central Banks to perform the oversight function (may not necessarily capture the quality of an oversight program) Issues covered: Organizational Arrangements for Payment System Oversight Clarity of the Objectives of Payment System Oversight Cooperation with other relevant Authorities Cooperation with other stakeholders
31 Organizational Arrangements: World Figures 90% 72% 78% 66% 60% 30% 0% Oversight Function Established in Practice Specific Unit for Oversight Oversight Function separated from Operations
32 Objectives of Oversight: World Figures 90% 72% 70% 63% 60% 32% 30% 0% Oversight Function established in practice Objectives set down in regulation/policy document Objectives include only "safety" and "efficiency" Objectives also include competition, consumer protection, others
33 Cooperation with other Authorities: World Figures 50% 40% 40% 45% 30% 20% 9% 10% 0% No significant cooperation Ad-hoc and informal Cooperation Cooperation through MOU or similar
34
35 PPP Goals Thank you! Jose Antonio Garcia Payment Systems Development Group The World Bank
Issues in retail payment systems in emerging markets: the World Bank perspective
Issues in retail payment systems in emerging markets: the World Bank perspective Retail payments: integration and innovation A joint conference by the European Central Bank and De Nederlandsche Bank Frankfurt,
More informationRetail Payment Systems: What role for the Central Bank and other Public Sector Authorities?
Retail Payment Systems: What role for the Central Bank and other Public Sector Authorities? Cape Town, April 2009 Jose Antonio Garcia The World Bank Contents A few facts and preliminary observations from
More informationSession 1: Overview of Current and Future Payment Ecosystems
Session 1: Overview of Current and Future Payment Ecosystems Perspective from PSDG, World Bank W3C Workshop Harish Natarajan Senior Payment Systems Specialist The World Bank 1 Public Policy Objectives
More informationGlobal Payments Week Africa-Asia Regional Group Meeting. September 20, 2016 Turin, Italy
Global Payments Week Africa-Asia Regional Group Meeting September 20, 2016 Turin, Italy Objectives of AA Regional Group Meeting Getting know each other and networking Sharing experiences on retail payments
More informationCyber Threats to the Financial Market Infrastructures: The Authorities Perspective
Cyber Threats to the Financial Market Infrastructures: The Authorities Perspective Massimo Cirasino Practice Manager, Finance and Markets Global Practice FinSAC Regional Seminar on Cyber Preparedness May
More informationImportance of financial infrastructure to increase Access to Finance
Building a high performance SME business in the MENA Region Arab Monetary Fund & International Finance Corporation Dubai, 7-8 May 2013 Importance of financial infrastructure to increase Access to Finance
More informationTOWARDS UNIVERSAL FINANCIAL ACCESS: THE ROLE OF AGENT BANKING
TOWARDS UNIVERSAL FINANCIAL ACCESS: THE ROLE OF AGENT BANKING Moderated by Massimo Cirasino Manager, Financial Infrastructure and Remittances, World Bank Panelists Vicente S. Aquino, Deputy Governor, Bangko
More informationAnalysis of trends in retail payments innovations. Maria Teresa Chimienti Payment Systems Specialist The World Bank
Analysis of trends in retail payments innovations Maria Teresa Chimienti Payment Systems Specialist The World Bank Types of transactions supported by innovative products 160 140 120 100 80 141 119 91 60
More informationPAYMENT SYSTEMS IN THE ARAB COUNTRIES
PAYMENT SYSTEMS IN THE ARAB COUNTRIES -Africa- WORLD BANK CONFERENCE REDEFINING THE LANDSCAPE OF PAYMENT SYSTEMS 7-10 APRIL 2009 CAPE TOWN-SOUTH AFRICA RAMZY HAMADEH 1 PAYMENT SYSTEMS IN THE ARAB COUNTRIES
More informationPublic Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PPI data update note 22 June 29 Assessment of the impact of the crisis on new PPI projects
More information2018 SYMBIOTICS MIV SURVEY A study of Global Microfinance Investment Funds
Abstract 2018 SYMBIOTICS MIV SURVEY A study of Global Microfinance Investment Funds 12 th edition September 2018 symbioticsgroup.com KEY SURVEY FACTS FUND UNIVERSE 91 MIVs Benchmark composition USD 15.2
More informationPPI data update note 28 November Private activity in infrastructure down, but still around peak levels
PPI data update note 28 November 29 Private activity in infrastructure down, but still around peak levels Private activity in infrastructure showed mixed results in 28, according to just-released data
More informationNumber of countries Average Median
GLOBAL financial DEVELOPMENT REPORT 05/06 appendix A 57 MAP A. DEPTH FINANCIAL INSTITUTIONS To approximate financial institutions depth, this map uses domestic private credit to the real sector by deposit
More informationYouth unemployment in Neighbourhood countries
Youth unemployment in Neighbourhood countries DG NEAR Christophe Masson 1/6/2016 1 2 Part 1: Challenges 3 Today we have the largest young generation in human history. There are 1.8 billion young people
More informationThe Water Sector and Development. Public Spending and Development Assistance in the Sector
Water for Life: Implications for Developing Countries Danny M. Leipziger Vice President and Head of Network Poverty Reduction and Economic Management The World Bank Zaragoza, Spain June 30, 2008 Outline
More informationPayment Systems Briefing
Payment Systems Briefing Harish Natarajan Social Safety Nets Core Course 2010 Washington DC. December 9, 2010 Payment Systems Development Group The World Bank Payment Systems Development Group Help develop
More informationGLOBAL INVESTMENTS IN R&D
GLOBAL INVESTMENTS IN R&D UIS FACT SHEET NOVEMBER 2015, No.36 This fact sheet presents the latest UIS R&D data available as of October 2015. A SNAPSHOT OF R&D EXPENDITURE This fact sheet illustrates global
More informationPrivate Participation in Infrastructure 1 Database (PPIDB) Half Year Update (January June 2016)
Private Participation in Infrastructure 1 Database (PPIDB) Half Year Update (January June 216) Investment 2 in infrastructure 3 with private participation in developing countries totaled US$29.5 billion
More information1. Introduction 1.1. BACKGROUND
INTRODUCTION 1. Introduction 1.1. BACKGROUND The G20 has had a long-standing commitment to promoting sustainable infrastructure development as a key mechanism for supporting economic growth, in both developed
More information2017 SYMBIOTICS MIV SURVEY A study of Global Microfinance Investment Funds
Abstract 2017 SYMBIOTICS MIV SURVEY A study of Global Microfinance Investment Funds 11 th edition September 2017 symbioticsgroup.com KEY SURVEY FACTS FUND UNIVERSE 93 MIVs Benchmark composition USD 12.6
More informationWomen, Work, and the Economy: Macroeconomic Gains from Gender Equity
Women, Work, and the Economy: Macroeconomic Gains from Gender Equity Kalpana Kochhar Deputy Director Strategy, Policy, and Review Department, IMF October 12, 2013 The views expressed in this presentation
More informationMEXICO TECHNICAL NOTE ON OBSERVANCE WITH THE CORE PRINCIPLES FOR SYSTEMICALLY IMPORTANT PAYMENT SYSTEMS (CPSIPS): AN UPDATE
This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The World Bank does not guarantee the accuracy of the data included in this work. The
More informationThe Strategic Approach to Reforming Payments and Securities Settlement Systems
GLOBAL PAYMENT SYSTEM CONFERENCE REDESIGNING THE LANDSCAPE OF PAYMENT SYSTEMS WORLD BANK Cape Town, SOUTH AFRICA, April 7-10, 2009 The Strategic Approach to Reforming Payments and Securities Settlement
More informationCurrent Payment System in Palestine
Current Payment System in Palestine PMA established in 1995 according to Oslo accords. There are 19 banks operating in Palestine, with 210 branches 350 money exchangers most licensed by PMA. No national
More informationADVANCED DEVELOPMENT ECONOMICS FINAL EXAM, WINTER 2002/3
ADVANCED DEVELOPMENT ECONOMICS FINAL EXAM, WINTER 2002/3 SHORT ANSWER QUESTIONS (worth 7 points each): Please answer all of 4 short answer questions, restricting your answer to at most 6 lines each. 1.
More informationPayments Systems Paper
Payments Systems Paper on Adoption of Committee on Payment and Settlement Systems (CPSS) and International Organization of Securities Commissions (IOSCO) Principles for Financial Market Infrastructures
More informationNew Avenues for Financing Infrastructure Managing Risks and Contingent Liabilities in LAC
DMF STAKEHOLDERS FORUM 2014 DEBT MANAGEMENT IN DEVELOPING COUNTRIES: NEW FRONTIERS AND ONGOING CHALLENGES New Avenues for Financing Infrastructure Managing Risks and Contingent Liabilities in LAC Edgardo
More informationConditionality and Policy Based Lending --Trends
World Bank Conditionality Review: Conditionality and Policy Based Lending --Trends Paris, February 4, 2005 Content 1. How much does the World Bank lend for policy-based programs? 2. How has the quality
More informationSADC Financial Integration
SADC Financial Integration CPSS - World Bank Forum on Retail Payments Cape Town December 2013 Agenda Where the region started When the integration agenda got going Strategic approach to integration Where
More informationWill Growth eradicate poverty?
Will Growth eradicate poverty? David Donaldson and Esther Duflo 14.73, Challenges of World Poverty MIT A world Free of Poverty Until the 1980s the goal of economic development was economic growth (and
More informationMeasuring Financial Inclusion:
Measuring Financial Inclusion: The Global Findex Data Leora Klapper Finance and Private Sector Development Team Development Research Group World Bank GLOBAL FINDEX Financial Inclusion data In depth data
More informationThe WB Clean Technology Fund MENA Renewable Energy Program
The WB Clean Technology Fund MENA Renewable Energy Program Mohab Hallouda Sr. Energy Specialist MENA Energy and Transport Unit World Bank RCREEE/MED EMIP Joint Event Regional Challenges to Green the Power
More informationWOMEN AND FINANCIAL INCLUSION: Results from the Global Findex Asli Demirguc-Kunt, Leora Klapper, & Dorothe Singer
WOMEN AND FINANCIAL INCLUSION: Results from the Global Findex Asli Demirguc-Kunt, Leora Klapper, & Dorothe Singer OVERVIEW Goal to collect comparable cross-country data on financial inclusion by surveying
More informationGlobal Investments in R&D
Fact Sheet No. 50 June 2018 FS/2018/SCI/50 Global Investments in R&D The UNESCO Institute for Statistics (UIS) is the statistical office of UNESCO and is the UN depository for global statistics in the
More informationPROMOTION OF E-PAYMENTS IN TRINIDAD & TOBAGO
PROMOTION OF E-PAYMENTS IN TRINIDAD & TOBAGO February 6, 2014 Presentation to Bankers Association of Trinidad and Tobago Held at First Citizens Bank, Queens Park East OUTLINE Background on Electronic Payments
More informationAppendix B: Methodology and Finding of Statistical and Econometric Analysis of Enterprise Survey and Portfolio Data
Appendix B: Methodology and Finding of Statistical and Econometric Analysis of Enterprise Survey and Portfolio Data Part 1: SME Constraints, Financial Access, and Employment Growth Evidence from World
More informationBOX 1.3. Recent Developments in Emerging and Developing Country Labor Markets
BOX 1.3 Recent Developments in Emerging and Developing Country Labor Markets GLOBAL ECONOMIC PROSPECTS JUNE 215 chapter 1 3 BOX 1.3 Recent Developments in Emerging and Developing Country Labor Markets
More informationRESEARCH PAPER Benchmarking New Zealand s payment systems
RESEARCH PAPER Benchmarking New Zealand s payment systems May 2016 Payments NZ has relied on publically available information and information provided to it by third parties in the production of this report.
More informationJOINT REPORT ON MULTILATERAL DEVELOPMENT BANKS CLIMATE FINANCE
214 JOINT REPORT ON MULTILATERAL DEVELOPMENT BANKS CLIMATE FINANCE SECTION 1. MDB CLIMATE FINANCE, 214 Part A: Total MDB Climate, 214 Total climate finance provided by the MDBs in 214 in developing and
More informationClosing the Gap: The State of Social Safety Nets 2017 Safety Nets where Needs are Greatest
Public Disclosure Authorized Closing the Gap: The State of Social Safety Nets 217 Safety Nets where Needs are Greatest Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized
More informationInfrastructure Policy Unit 2012 Global PPI Data Update
Note 85 July 213 Infrastructure Policy Unit Global PPI Data Update Private investment commitments to infrastructure in the developing world rise by 4 percent in Private investment commitments (hereafter,
More informationFiscal Transparency, ROSC Findings and Research. Taryn Parry Fiscal Transparency Unit December 4, 2006
Fiscal Transparency, ROSC Findings and Research Taryn Parry Fiscal Transparency Unit December 4, 2006 TOPICS Part I Fiscal ROSC Findings Fiscal transparency (define/code) Fiscal ROSCs Experience of Asian
More informationContraCeptive SeCurity index user S Guide
ContraCeptive SeCurity index user S Guide December 2006 This publication was produced for review by the United States Agency for International Development. It was prepared by the DELIVER project. DELIVER
More informationAfrica s rising debt. Session 1. Debt dynamics in Africa s complex financing landscape. 14:00 15:30
Africa s rising debt Session 1. Debt dynamics in Africa s complex financing landscape #AfricasRisingDebt @ODIdev 14:00 15:30 ODI Seminar: Africa s Rising Debt NOVEMBER 5, 2018 David Robinson (drobinson2@imf.org)
More informationWomen, Work, and the Economy: Macroeconomic Gains from Gender Equity
Women, Work, and the Economy: Macroeconomic Gains from Gender Equity Kalpana Kochhar Deputy Director Strategy, Policy, and Review Department, IMF June 12, 2014 The views expressed in this presentation
More informationSECURED TRANSACTIONS AND COLLATERAL REGISTRIES PEER TO PEER LEARNING EVENT
SECURED TRANSACTIONS AND COLLATERAL REGISTRIES PEER TO PEER LEARNING EVENT Presentation Title: Overview of Credit Reporting Worldwide Moyo Violet Ndonde Accra, Ghana - 3-5 July, 2012 -Session no. 2 Summary
More informationTHE FUTURE OF CASH AND PAYMENTS
THE FUTURE OF CASH AND PAYMENTS Retail Banking Research January 2010 CONFIDENTIALITY AND COPYRIGHT This report is published by Retail Banking Research Ltd (RBR). The information and data within this report
More informationBLUE BOOK PAYMENT AND SECURITIES SETTLEMENT SYSTEMS IN THE EUROPEAN UNION ADDENDUM INCORPORATING 2003 FIGURES AUGUST 2005
BLUE BOOK AUGUST 2005 PAYMENT AND SECURITIES SETTLEMENT SYSTEMS IN THE EUROPEAN UNION ADDENDUM INCORPORATING 2003 FIGURES BLUE BOOK AUGUST 2005 PAYMENT AND SECURITIES SETTLEMENT SYSTEMS IN THE EUROPEAN
More informationPPI data update note 21 March 2009
PPI data update note 21 March 29 New private infrastructure projects in developing countries continue to take place but projects are being affected by the financial crisis 1 Summary: Throughout the financial
More informationMASTERCARD INCORPORATED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
MasterCard Incorporated Page 5 MASTERCARD INCORPORATED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended March 31, (In thousands, except share data) 2008 2007 Revenues, net... $ 1,182,084
More informationThe Imperative of Competitiveness in a Multilateral Trading System: What s s an LDC to Do?
The Imperative of Competitiveness in a Multilateral Trading System: What s s an LDC to Do? Preeti Arora World Bank National Dialogue on Aid for Trade January 17, 2008 Main points The global economy is
More informationOperational Performance Data
Operational Performance Data The tables below provide information regarding the available operational results for the 3 months ended June 30, 2018, as well as the prior four quarterly reporting periods
More informationDr. Gabriel MOUGANI Chief Regional Integration Coordinator West Africa Regional Development and Business Delivery Office (RDGW)
Financing Development: Experiences from Africa, Asia and Latin America The African Development Bank s role and experiences in supporting regional payments systems programs & initiatives in Africa: key
More informationGeneral Guidelines FOR THE DEVELOPMENT OF GOVERNMENT PAYMENT PROGRAMS
General Guidelines FOR THE DEVELOPMENT OF GOVERNMENT PAYMENT PROGRAMS 5/1/2012 DRAFT VERSION FOR PUBLIC CONSULTATION The World Bank ACKNOWLEDGEMENTS This document has been developed by the Payment Systems
More informationBasel II Pillar II Practice Study The World Bank By Ana María Avilés
Basel II Pillar II Practice Study The World Bank By Ana María Avilés Washington DC October 22, 2018 Outline 1. Basel II Framework 2. Basel II Pillar II 3. Basel II Pillar II Practice Study 4. Main Findings
More informationPublic Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PPI data update note 35 February 21 Assessment of the impact of the crisis on new PPI
More informationI. Importance of Fiscal Transparency. II. The Fiscal Transparency Code. III. The Fiscal Transparency Evaluation
Fiscal Transparency Code & Evaluation: Outline of the Presentation I. Importance of Fiscal Transparency II. The Fiscal Transparency Code III. The Fiscal Transparency Evaluation IV. Fiscal Transparency
More informationFINANCIAL INFRASTRUCTURE SERIES DEVELOPING A COMPREHENSIVE NATIONAL RETAIL PAYMENTS STRATEGY
FINANCIAL INFRASTRUCTURE SERIES Payment systems policy and research DEVELOPING A COMPREHENSIVE NATIONAL RETAIL PAYMENTS STRATEGY October 2012 2012 The International Bank for Reconstruction and Development
More information2017 Transport Sector. Private Participation in Infrastructure (PPI)
2017 Transport Sector Private Participation in Infrastructure (PPI) Acknowledgement & Disclaimer This report was written by a team comprising Deblina Saha (Task Team Leader), Akhilesh Modi and Iuliia Zemlytska,
More informationInternational Comparison Program. Executive Board. Policy Paper No. 2. Procedures for. Publication of Global PPPs and.
Public Disclosure Authorized International Comparison Program Executive Board Public Disclosure Authorized Public Disclosure Authorized Policy Paper No. 2 Procedures for Publication of Global PPPs and
More informationInternational Monetary Fund Washington, D.C.
2010 International Monetary Fund May 2010 IMF Country Report No. 10/123 United States: Publication of Financial Sector Assessment Program Documentation Technical Note on Selected Issues on Oversight of
More informationInfrastructure Financing in APEC Emerging Economies
2017/FDM1/007 Session: 3 Infrastructure Financing in APEC Emerging Economies Purpose: Information Submitted by: World Bank Group Finance and Central Bank Deputies Meeting Nha Trang, Viet Nam 23-24 February
More informationDEVELOPING A COMPREHENSIVE NATIONAL RETAIL PAYMENTS STRATEGY
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized FINANCIAL INFRASTRUCTURE SERIES Payment systems policy and research DEVELOPING A COMPREHENSIVE
More informationNegative Interest Rate Policies: Sources and Implications
Negative Interest Rate Policies: Sources and Implications November 4, 216 Marc Stocker Based on a recently published CEPR / World Bank Working Paper Disclaimer! The views presented here are those of the
More information2017 ICT Backbone Sector. Private Participation in Infrastructure (PPI)
2017 ICT Backbone Sector Private Participation in Infrastructure (PPI) Acknowledgement & Disclaimer This report was written by a team comprising Deblina Saha (Task Team Leader), Alex Shao and Iuliia Zemlytska,
More informationIMF/AMF High-Level Seminar on
Mr. Robert Beschel Lead Public Sector Specialist, MENA World Bank The Impact of Large Governments on Development and Growth in the MENA Region Presented at IMF/AMF High-Level Seminar on Institutions and
More informationMoney talks! Nowcasting real economic activity with payment systems data. Luís Teles Dias
Money talks! Nowcasting real economic activity with payment Luís Teles Dias Deputy Director Statistics Department International Statistical Institute Regional Statistics Conference Bali, Indonesia 22 24
More informationPROJECT PREPARATION FACILITY: POLICY UPDATE
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROJECT PREPARATION FACILITY: POLICY UPDATE OPERATIONS POLICY AND COUNTRY SERVICES WORLD
More informationInvestment and Financing of the ICT sector. Arab Conference on Industrial Information and Networks Tunis - May 23, 2005
Investment and Financing of the ICT sector Arab Conference on Industrial Information and Networks Tunis - May 23, 2005 GICT Structure IFC Activities World Bank Units Global Communications Investment Portfolio
More informationMapping of Development Partners Support to Leverage Investment to Africa s infrastructure
Mapping of Development Partners Support to Leverage Investment to Africa s infrastructure Dambudzo Muzenda, OECD Directorate for Finance and Enterprise Affairs Investment Division AfI Project Background
More informationCore Principles for Systemically Important Payments Systems and Their Application in Canada
Core Principles for Systemically Important Payments Systems and Their Application in Canada Clyde Goodlet, Department of Monetary and Financial Analysis Payments systems are at the centre of domestic and
More informationBelgium November Paying Taxes th edition
Belgium Paying Taxes 2016 10 th edition www.pwc.com/payingtaxes The Paying Taxes methodology The three sub-indicators Both the tax cost and the tax compliance burden are important from the business point
More informationWho is Poorer? Poverty by Age in the Developing World
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized The note is a joint product of the Social Protection and Labor & Poverty and Equity Global
More informationEL SALVADOR TECHNICAL NOTE FINANCIAL SECTOR ASSESSMENT PROGRAM UPDATE PAYMENTS, REMITTANCES, AND SECURITIES SETTLEMENT SYSTEMS NOVEMBER 2010
Public Disclosure Authorized This volume is a product of the staff of the International Bank for Reconstruction and Development/The World Bank. The World Bank does not guarantee the accuracy of the data
More informationOPPORTUNITIES AND CHALLENGES OF GLOBAL ECONOMIC CHANGES
OPPORTUNITIES AND CHALLENGES OF GLOBAL ECONOMIC CHANGES Presentation by Mrs. Gabriela Ramos, Chief of Staff and G20 Sherpa, OECD Global Summit of Women, June 6 2014, Paris OECD s membership and global
More informationMultilateral Funding
East African Power Industry Convention eapic Nairobi, 31 August 3 September 2010 Multilateral Funding Kurt Simonsen Head of Regional Representation EIB East & Central Africa Office European Investment
More informationWhat About Payment System Integration? An Overview of Regional Experiences
What About Payment System Integration? An Overview of Regional Experiences Presented at the World Bank Conference on Redefining the Landscape of Payment Systems April 7 10, 2009 Cape Town, South Africa
More informationWage Bill and Pay Compression Summary Note 1
Wage Bill and Pay Compression Summary Note 1 This note summarizes the state of knowledge on country level public sector wage bills, pay compression, and government employment. The note is partial and tentative
More informationMENA Infrastructure: Opportunities and Challenges. DIFC Economics Workshop Adil Marghub December 2009
MENA Infrastructure: Opportunities and Challenges DIFC Economics Workshop Adil Marghub December 2009 IFC: Background 2 IFC is a Member of the World Bank Group IBRD International Bank for Reconstruction
More informationDr. Muhammad Saleem, State Bank of Pakistan
Dr. Muhammad Saleem, State Bank of Pakistan Conventional Role of Central Banks Regulation of Liquidity Ensuring the Soundness of Financial System Exchange Rate Management And Balance of Payments Managing
More informationBusiness Regulations and Foreign Direct Investment in Sub-Saharan Africa: Implications for regulatory Reform
Business Regulations and Foreign Direct Investment in Sub-Saharan Africa: Implications for regulatory Reform Katoka Ben PhD Candidate benka@snu.ac.kr Graduate School of Public Administration Seoul National
More information2017 Energy Sector. Private Participation in Infrastructure (PPI)
2017 Energy Sector Private Participation in Infrastructure (PPI) Acknowledgement & Disclaimer This report was written by a team comprising Deblina Saha (Task Team Leader), Akhilesh Modi and Teshura Nair,
More informationPayment and Settlement Systems Developments and Challenges
Payment and Settlement Systems Developments and Challenges Ms. Charulatha Kar Reserve Bank of India SAARC Finance Seminar Kathmandu, Nepal 05 September, 2014 1 2 Presentation Overview Developments in Payment
More informationPayment Systems Annual Report 2007
Payment Systems Annual Report 2007 Reserve Bank of Malawi April 2008 1 1.0 FOREWORD Malawi s payment system is coming from a past where cash and cheques provided the only means of executing payments. The
More informationNinth UNCTAD Debt Management Conference
Ninth UNCTAD Debt Management Conference Geneva, 11-13 November 2013 The Debt Manager and Transparency: Responses from International Organizations by Sudarshan Gooptu Sector Manager Economic Policy and
More informationThe Eurosystem oversight policy framework
The Eurosystem oversight policy framework Klaus Löber Head of Oversight Division Frankfurt, 30 September 2009 1 Content Rationale for Oversight Organisation Scope of Oversight Large-value payments systems
More informationFiscal Policy: Ready for The Next Shock?
Fiscal Policy: Ready for The Next Shock? Franziska Ohnsorge December 217 Duration of Global Expansions: Getting Older Although Not Yet Dying of Old Age 18 Global expansions (Number of years) 45 Expansions
More informationImproving the Business Environment in Iraq Through Secured Transactions
Improving the Business Environment in Iraq Through Secured Transactions Murat Sultanov Beirut, October 17, 2011 CONTENTS What is Secured Transactions? Economic Importance 1 Why these systems are underdeveloped
More informationMeasuring Financial Inclusion: The Global Findex Dataset
Measuring Financial Inclusion: The Global Findex Dataset Leora Klapper Lead Economist Development Research Group World Bank 1 Why collect Global Findex data? Sources of Financial Inclusion Data In depth
More informationINTRODUCTION TO FINANCE MGMT 005 INTRODUCTION TO BUSINESS AND FINANCE
INTRODUCTION TO FINANCE MGMT 005 INTRODUCTION TO BUSINESS AND FINANCE DEFINITION OF FINANCE The science that describes the management, creation and study of money, banking, credit, investments, assets
More informationIDA s Lending Commitments, Disbursements, and Funding in FY01. I. Introduction
IDA s Lending Commitments, Disbursements, and Funding in FY01 I. Introduction 1. The purpose of this note is to brief the Executive Directors on the sources and uses of IDA resources and the Interim Trust
More informationThe State of Microfinance Investment
The State of Microfinance Investment MicroRate s 2009 Microfinance Investment Vehicle Survey MicroRate, Inc. August 2009 Background This is the fourth year (2005-2009) MicroRate has conducted the Survey
More informationHIGHLIGHTS from CHAPTER 1: GLOBAL OUTLOOK DARKENING SKIES
Key Points HIGHLIGHTS from CHAPTER 1: GLOBAL OUTLOOK DARKENING SKIES Global growth has moderated, and it is expected to slow from 3 percent in 18 to.9 percent in. International trade and manufacturing
More informationAppendix A. Methodology for Gender Analysis
Appendix A. Methodology for Gender Analysis Chapter 1 describes IEG s analysis of the approach adopted by World Bank Group projects and country strategies to address gender issues, and the features of
More informationFinancial Crisis and Global Recession: At a Turning Point?
Financial Crisis and Global Recession: At a Turning Point? Richard Newfarmer Special Representative to UN and WTO World Bank Cairo June 15, 2009 Main messages Recession in the US now appears to be bottoming
More informationDEVELOPMENT OF GOVERNMENT PAYMENT PROGRAMS
FINANCIAL INFRASTRUCTURE SERIES Payment systems policy and research GENERAL GUIDELINES FOR THE DEVELOPMENT OF GOVERNMENT PAYMENT PROGRAMS July 2012 2012 The International Bank for Reconstruction and Development
More informationFIRST Initiative TABLE OF CONTENTS
ECCB Core Principle Self TABLE OF CONTENTS Introduction. - Self of the Payment System (1.6.3)... 1. The CPSS Core Principles... a.general... 2 b. Information and methodology used for assessment... 2 c.
More informationECON 450 Development Economics
ECON 450 Development Economics Comparative Economic Development University of Illinois at Urbana-Champaign Summer 2017 Outline 1 Defining the Developing World 2 Indicators of The New Human Development
More information2018 SYMBIOTICS MIV SURVEY Market Data & Peer Group Analysis. 12 th edition September 2018
2018 SYMBIOTICS MIV SURVEY Market Data & Peer Group Analysis 12 th edition September 2018 TABLE OF CONTENTS 1. About the Symbiotics MIV Survey... 3 1.1 About the Symbiotics MIV Survey: Overview... 4 1.2
More informationPresentation: Position Paper N 2 Results and Key Findings
Second and third tier MFIs: Where do we stand? e-mfp Action Group Investors in Tier 2/3 MFIs Presentation: Position Paper N 2 Results and Key Findings Philippe Guichandut Head of Development Grameen Crédit
More information