Catalyst
- Our national Catalyst role is the domestic extension of the European Central Bank's Catalyst mandate.
- Our Catalyst role primarily involves driving and influencing positive change in the Irish and European retail payments markets, with a particular focus on improving market efficiency, integration and security.
- Our Catalyst role is linked to our statutory objective to ensure the safe and efficient operation of payment systems.
- The integration of Irish and European payment services is primarily a market-driven process; however, coordination problems can arise, particularly as different stakeholders can have conflicting interests. Under our Catalyst role, the Central Bank facilitates collaboration amongst market participants, with the Central Bank acting as a neutral party to balance any conflicting interests, whilst trying to achieve the aforementioned objectives.
- The majority of our domestic Catalyst activities are conducted through the Irish Retail Payments Forum, Ireland's national payments forum, which is chaired by the Central Bank. In addition, we also have individual engagements with market participants and industry experts.
- Our Catalyst work is guided by the Central Bank’s vision for payments in Ireland, which is to ensure consumers and businesses have trust in, transparent choice of, and equal access to payment systems and instruments that are secure, resilient, efficient, and sustainable.
- Our European Catalyst activities are influenced by our participation in Eurosystem working groups, such as the Market Infrastructure and Payments Committee (MIPC), the Payments Policy Working Group (PWG) and other European working groups such as the Euro Retail Payments Board (ERPB) and the European Forum for Innovation in Payments (EFIP).
- Our national Catalyst role is the domestic extension of the European Central Bank's Catalyst mandate.
Relevant Publications
Contact Information
You can contact us on these matters at [email protected].