Central Banking

Bank of Canada Working Paper, February 2003

RESEARCH - In the Working Paper "Managing Operational Risk in Payment, Clearing, and Settlement Systems" Kim McPhail describes the key features of systemically important PCSS in Canada and the oversight role of the Bank of Canada with respect to those systems. She also describes one approach that could be used to assess and manage operational risk in Canadian PCSS.

Managing Operational Risk in Payment, Clearing, and Settlement Systems

Abstract

Awareness of operational risk has increased greatly in

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