4th Growth and Resilience Dialogue with Social Partners Presentation

REFORM PROGRAMME OBJECTIVES ACCOMPLISHED

• Reduce or eliminate all forms of risk especially systemic risk; • Modernise payment processing and reduce the settlement cycle so that funds and/or securities are immediately reusable;

• Review and update the legal and

• Facilitate the development and improve efficiency in the operation of the domestic interbank, money and capital markets;

regulatory framework governing payment and settlement systems; • Establish an oversight function for payments and securities settlement systems; and • Provide an efficient mechanism for supporting economic activity and enabling monetary policy implementation.