This paper presents key findings of the Financial Sector Assessment Program for Indonesia. The program covers Bank Indonesia's real-time gross settlement (BI-RTGS) system's observance of the Committee on Payment and Settlement Systems (CPSS) core principles for systemically important payment systems (SIPS). The assessment reveals that the legal foundation for payment systems in Indonesia is generally sound with explicit provisions for the central bank's involvement in payment systems. The BI-RTGS generally functions well and is recognized as the only SIPS in Indonesia
Notes
Title from PDF title page (IMF Web site, viewed July 23, 2012)
At head of title: Financial sector assessment program
"World Bank, Financial and Private Sector Development Vice Presidency, East Asia and Pacific Region Vice Presidency."
"International Monetary Fund, Monetary and Capital Markets Department."
