Role of payment and settlement systems in monetary policy and financial stability

The objective of this study is to assess payment and settlement systems standards across the SEACEN economies, both on the retail and wholesale levels as well as to identify key challenges and issues to improve the efficiency of the payment and settlement systems of the SEACEN economies. It also seeks to identify areas where payment and settlement systems directly influence domestic monetary and financial stability and assess efforts to further develop and improve payment and settlement systems across the region. Lastly, the study also looks at regional cooperation in the area of payment and settlement systems involving SEACEN economies to evaluate the outcomes and shortcomings and identify key areas of cooperation going forward.