On 25 February 2015 the Bank of England published a speech by Andrew Bailey, BoE Director, Financial Market Infrastructure, on the BoE's role in maintaining financial stability through supervising systemically important payment systems.

What this means for you

The BoE's focus in supervising payment systems continues to be protecting and enhancing financial stability and it is identifying key criteria for financial stability against which it will assess change to the industry. This involves regulating increases in settlement risk, enhancing the robustness and resilience of UK payment systems, facilitating continuity of payment services in resolution and the effective supervision of payment systems.