ECB is consulting, until 9 August, on a draft of an ECB Regulation on oversight requirements for Euro-area systemically important payment systems (SIPS). These requirements are based on the global standard "Principles for financial markets infrastructures". The ECB will publish a list of SIPS, which will be subject to specific risk management requirements and sanctions for not complying with the Regulation. (Source: ECB Consults on Draft Regulation on Oversight Requirements for SIPS)