Banking Operations Departments

Banking Operations Departments

Payment Systems Department

Payment Systems Department is responsible for the operation of interbank payment systems owned by the CBK and for oversight and analysis in the field of payment systems in general.

Systems Operations Division

Duties:

  • Administering and controlling clearing and interbank settlement operations for payment and securities transactions;
  • Ensuring the integrity of transactions and user access;
  • Coordinating and developing the functioning of payment schemes;
  • Analysing and supporting the possibilities of creating new payment schemes and interoperability of existing ones; and
  • Providing technical support at the application and database level.

The Bank Account Registry represents a database infrastructure created within the Central Bank, in which commercial banks report data on bank account numbers and their holders.

  • Duties:

    • Collecting data from banks regarding bank account numbers and account holders;
    • Ensuring the efficient functioning of the bank account registry system operated by the CBK;
    • Monitoring and checking the data reported in the bank account registry in terms of compliance with the relevant provisions and their overall quality;
    • Allowing access to and use of data previously reported in the RLLB by enforcement bodies and other competent institutions in accordance with the provisions of the Law on Enforcement Procedure
    • Electronic exchange of enforcement decisions (debiting and blocking of debtors' accounts), based on final decisions of enforcement bodies and other institutions in accordance with the Law on Enforcement Procedure.

Oversight and Analysis Division

  • Duties:

    • Analysing and reporting of payment and securities transaction data; daily reporting on details of government revenue payments;
    • Monitoring and managing the reserve requirements of participating banks;
    • Monitoring liquidity in the banking system;
    • Managing operational, financial and account settlement risk;
    • Managing payment systems development projects; monitoring developments in practices in the field of payment systems, in particular those in the European Union;
    • Committing to the development of payment infrastructure and services; initiating and supporting the expansion of the range of payment instruments;
    • Participating in the drafting of policies and regulatory instruments related to the field of payment systems; drafting procedures for the supervision of payment systems;
    • Ensuring that payment systems operate safely and effectively and that payment systems and instruments are governed by an adequate legal framework;
    • Analysing the status and developments of payment systems; identifying and monitoring relevant potential risks; assessing compliance with international principles; and
    • Participating in the assessment of applications for licensing of payment system operators and applications for authorization of financial institutions to provide payment services.

     

    The Payment System Oversight and Analysis Division also reports to the Deputy Governor for Banking Operations.