minimum standards of the Lamfalussy report (Lamfalussy standards)

The six minimum standards for the design and operation of cross-border and multi-currency netting schemes or systems. For details, see the "Report of the Committee on Interbank Netting Schemes of the Central Banks of the Group of Ten Countries" (the "Lamfalussy report"), BIS, November 1990. See also Core Principles for Systemically Important Payment Systems (European Central Bank)

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