El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure

This note was prepared in the context of a World Bank Financial Sector Assessment Program (FSAP) mission in El Salvador in March 2016. Since the last FSAP, the national payments system (NPS) has consolidated and expanded. The real-time gross settle...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	FINANCE MANAGEMENT REGULATION financial infrastructure payments securities clearance and settlement legal framework remittances MSME microfinance
Online Access:	http://documents.worldbank.org/curated/en/542301487930465946/El-Salvador-Financial-sector-assessment-program-financial-infrastructure http://hdl.handle.net/10986/26280

id	okr-10986-26280
recordtype	oai_dc
spelling	okr-10986-262802021-05-25T08:58:25Z El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure World Bank FINANCE MANAGEMENT REGULATION financial infrastructure payments securities clearance and settlement legal framework remittances MSME microfinance This note was prepared in the context of a World Bank Financial Sector Assessment Program (FSAP) mission in El Salvador in March 2016. Since the last FSAP, the national payments system (NPS) has consolidated and expanded. The real-time gross settlement (RTGS) systems owned and operated by the Banco Central de Reserva de El Salvador (BCR) is the backbone of the NPS and is widely subscribed by both banks and supervised non-bank financial institutions. In 2013, the BCR launched a service for government disbursements called Sistema de Pagos Masivos (SPM). ATM and POS terminal deployment in El Salvador is below the average for the Latin America and the Caribbean, but above the average for lower-middle income countries. Notwithstanding these positive developments, the payments system remains exposed to certain risks and presents areas of inefficiency that the BCR aims to address comprehensively and in stages through a revised national payment system strategy. The note contains technical analysis and detailed information underpinning the FSAP assessment’s findings and recommendations. Further information on the FSAP program can be found at www.worldbank.org/fsap. 2017-03-15T21:48:16Z 2017-03-15T21:48:16Z 2016-11 Report http://documents.worldbank.org/curated/en/542301487930465946/El-Salvador-Financial-sector-assessment-program-financial-infrastructure http://hdl.handle.net/10986/26280 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work Latin America & Caribbean El Salvador
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	FINANCE MANAGEMENT REGULATION financial infrastructure payments securities clearance and settlement legal framework remittances MSME microfinance
spellingShingle	FINANCE MANAGEMENT REGULATION financial infrastructure payments securities clearance and settlement legal framework remittances MSME microfinance World Bank El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure
geographic_facet	Latin America & Caribbean El Salvador
description	This note was prepared in the context of a World Bank Financial Sector Assessment Program (FSAP) mission in El Salvador in March 2016. Since the last FSAP, the national payments system (NPS) has consolidated and expanded. The real-time gross settlement (RTGS) systems owned and operated by the Banco Central de Reserva de El Salvador (BCR) is the backbone of the NPS and is widely subscribed by both banks and supervised non-bank financial institutions. In 2013, the BCR launched a service for government disbursements called Sistema de Pagos Masivos (SPM). ATM and POS terminal deployment in El Salvador is below the average for the Latin America and the Caribbean, but above the average for lower-middle income countries. Notwithstanding these positive developments, the payments system remains exposed to certain risks and presents areas of inefficiency that the BCR aims to address comprehensively and in stages through a revised national payment system strategy. The note contains technical analysis and detailed information underpinning the FSAP assessment’s findings and recommendations. Further information on the FSAP program can be found at www.worldbank.org/fsap.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure
title_short	El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure
title_full	El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure
title_fullStr	El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure
title_full_unstemmed	El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure
title_sort	el salvador financial sector assessment program development module : financial infrastructure
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/542301487930465946/El-Salvador-Financial-sector-assessment-program-financial-infrastructure http://hdl.handle.net/10986/26280
_version_	1764461586989187072

El Salvador Financial Sector Assessment Program Development Module : Financial Infrastructure

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