In-Depth Analysis - Note on the interactions between payment systems and monetary policy - 15-02-2018

In-Depth Analysis - Note on the interactions between payment systems and monetary policy - 15-02-2018 23-02-2018 12:00 AM CET This paper analyses the interactions between, on one hand, monetary policy and financial stability responsibilities of the ECB and, on the other hand, Post-Trading-Financial Market Infrastructures. Its basic conclusion is that Payment Systems are critical for monetary policy while Central Counter Parties (CCPs) are critical for financial stability. However, in stressed conditions CCPs can be the source of risks also for monetary policy. Source : © European Union, 2018 - EP QUESTIONS? STAY CONNECTED  Contact Us | This email was sent on behalf of the European Parliament · Bât. Altiero Spinelli · 60 rue Wiertz / Wiertzstraat 60 · B-1047 - Bruxelles/Brussels  · Belgium · Phone: +32(0)2 28 42111