Bank behaviour and risks in CHAPS following the collapse of Lehman Brothers

Benos, Evangelos; Garratt, Rodney; Zimmerman, Peter
August 2012
Bank of England Quarterly Bulletin;2012 3rd Quarter, Vol. 52 Issue 3, p244
Academic Journal
The author examines the stress affected payment patterns in CHAPS, Great Britain's large-value wholesale payment system. He mentions that it is important to the Bank in its role as the overseer of recognised interbank payment systems and as host of the infrastructure. He computes two estimates of the impact of operational outages, including the one measure considers the impact of a single outage on a given business day, while the other measure computes the expected impact of a single outage.


Related Articles

  • THEORETICAL AND METHODOLOGICAL ANALYSIS OF ESSENCE LOCAL PAYMENT SYSTEMS. Michailovna, Korobeynikova Olga // Modern Economy: Problems, Trends, Prospects / Sovremennaia Ekono;Dec2013, Issue 9, p94 

    On the basis generalization theoretical views of scientists-financiers in work the category and terminological analysis considering a current state and expected tendencies of development monetary circulation and allowed to give author's definitions of payment system, local payment system, and...

  • Payment and Settlement Systems: Transfer @ Speed of Thought.  // Dataquest;8/15/2013, Issue 15, p48 

    The article discusses the convenience of electronic payments and settlements systems in India. It states that electronic payments would supply vital checks needed to stall the increase of black money ecosystem and reduce the cost of transaction time. It also mentions that the Reserve Bank of...

  • Risk control measures in payment systems Callado-Muñoz, Francisco José // Quarterly Review of Economics & Finance;Feb2009, Vol. 49 Issue 1, p1 

    Abstract: The purpose of this paper is to make a comparative analysis of modern gross and net payment systems, emphasizing on the implications of the availability of intraday liquidity in the former and of credit limits in the latter. This allows for the comparison of both the effects on social...

  • technology Lazy firms forced to revert to paying staff cash.  // Personnel Today;1/17/2006, p42 

    The article reports that several employers in Great Britain may be forced to pay their staff by cash or cheque after failing to upgrade to a new system for paying direct debits and salaries. The old Bacs payment system was switched off and replaced with Bacstel-IP, which is designed to cope with...

  • Early Results From Thailand's 30 Baht Health Reform: Something To Smile About. Damrongplasit, Kannika; Melnick, Glenn A. // Health Affairs;2009 Web Exclusives, Vol. 28, pw457 

    Efforts by countries to attain universal coverage are often hampered by supply constraints that can reduce access to care for those already in the system and, in many Asian and developing countries, by the emergence of informal payment systems that extract under-the-table payments from patients....

  • THE IMPLEMENT ROLE OF TARGET SYSTEM FOR HIGH VALUES. Irina Elena, Voica // Annals of the University of Oradea, Economic Science Series;2008, Vol. 17 Issue 3, p887 

    The Target system, one of the most worldwide used payment system, continued to participate in fitting process of monetary market in euro curency and to play a major role in the task of putting in harmony application the single monetary policy. The system is conceived in order to allow the...

  • Faster clearance times "within two years"  // Credit Control;2005, Vol. 26 Issue 4, p46 

    Reports that an agreement to reduce clearing times on electronic payments between banks following telephone or Internet instructions from consumers and standing orders has been reached according to the Payment Systems Task Force in Great Britain. Coverage of the new cleaning service; Statement...

  • Design and Implementation of Secure Electronic Payment System (Client). Pyae Pyae Hun // Proceedings of World Academy of Science: Engineering & Technolog;Dec2008, Vol. 48, p805 

    Secure electronic payment system is presented in this paper. This electronic payment system is to be secure for clients such as customers and shop owners. The security architecture of the system is designed by RC5 encryption / decryption algorithm. This eliminates the fraud that occurs today...

  • Care Platforms: A Basic Building Block For Care Delivery. Bohmer, Richard M. J.; Lawrence, David M. // Health Affairs;Sep/Oct2008, Vol. 27 Issue 5, p1336 

    Without significant operational reform within the nation's health care delivery organizations, new financing models, payment systems, or structures are unlikely to realize their promise. Adapting insights from high-performing companies in other high-risk, high-cost, science- and technology-based...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics