A nationwide lender may establish and you may perform an RSU pursuant to help you a dozen You
( xi ) Is the payment system susceptible to plus in conformity (otherwise observance) for the Committee for the Payment and you can Settlement Expertise while the Technical Panel of your own In the world Providers of Ties Income (CPSS-IOSCO) Prices to possess Monetary Markets Infrastructures?
( xii ) ‚s the percentage system designated because a great systemically essential monetary markets energy (SIFMU) because of the Financial Stability Oversight Guidance (FSOC) or is they the all over the world or overseas comparable?
( xiii ) Do the newest payment system promote players with advice connected to governance, risk management means, and processes regularly sufficient reason for enough openness and you may particularity towards the bank to ascertain with realistic certainty the fresh bank’s level of exposure experience of the computer?
( xiv ) ‚s the percentage program work of the otherwise subject to oversight off a central bank otherwise regulatory power?
( xv ) ‚s the payment system legally prepared because a not-for-funds company or perhaps is it owned and you will work of the an authorities organization?
( xvi ) Does the fresh new percentage program have suitable systems and you can regulation to possess communicating so you’re able to participants regularly from the situation situations that relate so you’re able to or could result in potential functional loss, e why not check here.g. scam, program problems, disasters, etc.?
( dos ) A national bank or Government offers relationship should think about, at a minimum, the following features of the chance management program whenever carrying out an enthusiastic studies necessary for section (e) associated with point: