1. Central Bank Of Angola Oversight
/2008/003205
Central Bank Of Angola Oversight
Payment Systems Department

2. OVERSIGHT Legal and Regulatory Frameworks Oversight Policies
Payment system processing in Angola
Cooperation

3. Legal and Regulatory Frameworks
Definition “Oversight of payment and settlement systems is a central bank function whereby safety and efficiency are promoted by monitoring existing and planned systems, assessing them against these objectives and, where necessary, inducing change”. G10 report on oversight (2005) Statutory Powers Article 6º payment system law ( mandate) Article 8º payment system law ( Obligations)
Central bank’s involvement in the payment system: rational and objectives
Historical reasons (II)
As from the mid-1970s, payment systems started to be again in the focus of interest. This was due, inter alia, to exponential increase in values processed, caused by phenomenal expansion of financial transactions and enabled by developments in electronic data processing and telecommunications technology.
Important role of the Lamfalussy Report (1990) in establishing the central banks‘ responsibility for oversight

4. Type Metodology Instrument
Oversight policies
Type
Continuos
Periodic
Eventual
Metodology
Instrument
Regulation
Service contracting
Memorandum of
cooperation
Public
annoucements
Moral suasion
To monitor
To analize
To induce changing

5. Payment systems processing in Angola
Large Value
Retail
systemically important
SPTR
SIGMA
CEVAMA
Not systemically important
SCC
STC
MCX

6. Organization / Co-operation
within the SADC
to ensure harmonization of the oversight policy within the SADC region
(ii) with other central banks at international level (e.g. CPMI)
to define and implement oversight requirements for global infrastructures (iii) with supervisory authorities
to reconcile the « system » perspective and the « bank » perspective
Co-operation occurs at several levels:

7. Obrigado.