systemically important payment system (SIPS)

What is systemically important payment system (SIPS)?

systemically important payment system (SIPS) definition and meaning on Finance terms:
A payment system which has the potential to trigger systemic risks in the event of it being insufficiently protected against the risks to which it is exposed. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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