11
Follow‐up Since the Last Year’s Meeting on 27 September 2010
Follow‐up Since the Last Year’s pMeeting on 27 September 2010
Meeting of Central Banks and Monetary Authorities of the OIC Member States
27 September 2010 Istanbul Republic of Turkey27 September 2010, Istanbul , Republic of Turkey
“Payment Systems and Capacity Building in OIC Member States”Payment Systems and Capacity Building in OIC Member States
FINAL COMMUNIQUÉ27 September 2010, Istanbul, Republic of Turkeyp , , p y
Commitment to enhance cooperation in operation, regulation and oversight of payment systemsCommitment to enhance cooperation in operation, regulation and oversight of payment systemsg p y yg p y y
The need to harmonize legal systems concerning regulation and oversight of payment systemsThe need to harmonize legal systems concerning regulation and oversight of payment systems
The desire to improve payment systems for easier, safer and faster transfer of financial resources, and to build the foundation of an effective intraOIC payment system to enhance intraOIC trade and investment fl
The desire to improve payment systems for easier, safer and faster transfer of financial resources, and to build the foundation of an effective intraOIC payment system to enhance intraOIC trade and investment flflowsflows
Giving high level of importance to capacity building initiatives and the need f f th ti i thi Giving high level of importance to capacity building initiatives and the need f f th ti i thi for further cooperation in this areafor further cooperation in this area
Establishing a knowledgesharing platform on payment systems of OIC Establishing a knowledgesharing platform on payment systems of OIC member states to further discuss future developments. SESRIC will facilitate the establishment and maintenance of this platformmember states to further discuss future developments. SESRIC will facilitate the establishment and maintenance of this platform
Chairs of the Meeting in 2011 and 2012 will be Malaysia and Saudi Arabia Chairs of the Meeting in 2011 and 2012 will be Malaysia and Saudi Arabia Chairs of the Meeting in 2011 and 2012 will be Malaysia and Saudi Arabia, respectively.Chairs of the Meeting in 2011 and 2012 will be Malaysia and Saudi Arabia, respectively.
SESRIC Capacity Building Programmes
Capacity B ildi
Statistical Capacity Building
Programme
Stock Exchanges Capacity B ildi
Building Program for Central Banks
Programme (OIC‐
StatCaB)
Building Programme
Capacity Building (CaB)
Programmes
Ibn Sina Program for
Health Capacity
Building (Ibni
Tobacco Control Training
Programme g gSina HCaB)
Occupational Environment
g
Occupational Health and Safety Cap.
Building Prog.(OHS‐CaB)OIC Cotton
Training
Capacity Building Program
(Environment‐CaB)
Training Program
(OIC‐CTP)
Mechanism: SESRIC Capacity Building Programmes
D i i Q ti iDesigning Questionnaire
R l N i l I i iRelevant National Institutions
l fAnalysis of Responses
Planning / Matching Needs and Capacities
Implementation / Organizing Training Courses
Central Banks Capacity Building Programme
The Programme was initiated by SESRIC in January 2008
Contributing to the efforts of the Central Banks of the member countries towardsenhancing their technical capacities
Organizing training courses on various technical aspects of central banking bymatching the needs and capacities of the Central Banks
The matching is based on the responses of Central Banks to the relatedquestionnaire of the programme
The training courses are provided by experts from the Central Banks of the membercountries who have the capacity to provide the technical training on the specificneeded subjects in the Central Banks of other member countriesneeded subjects in the Central Banks of other member countries
The questionnaire has been so far circulated twice (Jan. 2008 and July 2010) and isavailable in three official languages at: http://www.oicvet.org/cbpavailable in three official languages at: http://www.oicvet.org/cbpquestionnaires.php
The Questionnaire on Central Banks Capacity Building ProgrammeProgramme
SubjectCan OfferTraining
Training Needed
NeedPriorityRank
Number of
PersonnelPersonnelBalance of Payments StatisticsCurrency Production and OperationsFinancial StabilityFinancial Tables based Real Sector StatisticsFinancial Tables based Real Sector StatisticsForecasting at the Central BankInflation TargetingIslamic Financial InstrumentsMacroeconomic Modelingac oeco o c ode gMarket OperationsMoney and Banking StatisticsPayment SystemsReserve ManagementgRisk ManagementRisk Management in Islamic Financial InstitutionsOther (please specify below)
Implemented Training Courses
Training Course on “Payment Systems” at the Central Bank of the State of QatarTraining Course on Payment Systems at the Central Bank of the State of Qatar,Doha, Qatar on 26‐28 April 2009. Provided by expert from the Central Bank of theRepublic of Turkey.
Training Course on “Inflation Targeting” at the National Bank of Tajikistan,Dushanbe, Tajikistan on 29 November‐01 December 2010. Provided by expert fromthe Central Bank of the Republic of Turkey.
Training Course on “Payment Systems” at the National Bank of Kyrgyz Republic,Bishkek, Kyrgyz Republic on 25‐27 January 2011. Provided by expert from theC t l B k f th R bli f T kCentral Bank of the Republic of Turkey.
Training Workshop on “Islamic Finance: Structure and Instruments” in Ankara,Republic of Turkey on 26 30 September 2011 Organized by the Central Bank of theRepublic of Turkey on 26‐30 September 2011. Organized by the Central Bank of theRepublic of Turkey in collaboration with the IDB and Bank Negara Malaysia.
KnowledgeSharing Platform on Payment Systems of OIC Member Statesy y
The Platform will serve as a ground for exchanging views and knowledge‐The Platform will serve as a ground for exchanging views and knowledge‐sharing to facilitate future cooperation in payment systems among the CentralBanks and Monetary Authorities of the member countries where they will haveaccess to statistical data and technical reports on their payment systems
A questionnaire for collecting data on payment systems and a comprehensivemethodology document have been prepared, in collaboration with the Central
f fBank of the Republic of Turkey
The questionnaire together with the methodology document has beeni l t d i J l 2011 t th C t l B k f th b t icirculated in July 2011 to the Central Banks of the member countries
So far, 7 Central Banks have responded to the questionnaire, either fully orpartially and the received data have been uploaded into the website of SESRICpartially and the received data have been uploaded into the website of SESRIC
The questionnaire and the methodology document are available in three officiallanguages at: http://wwwsesric org/paymentsystems phplanguages at: http://www.sesric.org/paymentsystems.php
The Questionnaire on KnowledgeSharing Platform on Payment Systems of OIC Member Stateson Payment Systems of OIC Member States
1. Basic statistical data
2. Settlement media
3. Institutions offering payment services to nonbanks
4. Payment card functions and accepting devices
5. Indicators of the use of payment instruments and terminals by nonbanks
6. Participation in selected interbank funds transfer systemsy
7. Payments processed by selected interbank funds transfer systems
8. SWIFT
9. Number of participants in exchanges and trading systems
The questionnaire includes 15 categories of
The questionnaire includes 15 categories of9. Number of participants in exchanges and trading systems
10. Number of listed securities
11. Executed trades
12 Number of clearing members
categories of selected statistical indicators oncountry‐specific
categories of selected statistical indicators oncountry‐specific
12. Number of clearing members
13. Contracts and transactions cleared
14. Number of direct participants in CSDs
payment services and payment instruments as well as trading systems
payment services and payment instruments as well as trading systems
15. Securities held on accounts at CSDsas trading systemsas trading systems
Thank you for your attention
© 2011 SESRIC. All rights reserved.
