Oversight
- We promote the safety and efficiency of payment, clearing and settlement systems.
- We measure the safe and efficient operation of Financial Market Infrastructures against established Eurosystem oversight principles and standards.
- We promote fair and transparent access to these infrastructures.
- Oversight responsibilities are assigned to the Eurosystem, which comprises the ECB and the national central banks (NCBs) of the euro area.
- We conduct oversight assessments of relevant entities and systems against oversight principles and standards such as the Payment Instruments, Schemes, and Arrangements (PISA) Framework.
- We represent Ireland on Eurosystem committees that deal with payment and securities settlement matters.
- We support the Department of Finance in relation to relevant EU Commission working groups and EU legislation.
- Contribute to policy formation at national and EU level.
- Full process and legal basis can be found on the Payment Systems Approval Process page.
- The pre-application process involves the submission of a Key Facts Document including details such as business model, corporate structure and supporting infrastructure.
- This will be followed by clarification queries from the Central Bank of Ireland.
- Once the Key Facts Document is deemed sufficient, the applicant firm will be invited to a series of meetings with the Central Bank of Ireland to discuss aspects of the submission.
- Once this pre-application process has been completed, a formal application can be submitted.
Relevant Publications
Contact Information
You can contact us on these matters at [email protected].