Seminar material

Programme

Day 1

Harry Leinonen / Bank of Finland: Current Situation and Recent Developments, presentation.

Claus Puhr, Stefan W. Schmitz / Oesterreichische Nationalbank: Risk Concentration and Operational Risk in Payment Systems – A Simulation Approach, presentation.

Schmitz, Puhr, Moshammer, Hausmann / Oesterreichische Nationalbank: Operational Risk and Contagion in the Austrian Large-Value Payment System ARTIS, paper.

Schmitz, Puhr, Moshammer / Oesterreichische Nationalbank: Liquidity, Risk Concentration and Network Structure in the Austrian Real Time Interbank Settlement System, paper.

Päivi Heikkinen / Bank of Finland: The Assessment of Operational Risk in the Austrian Large Value Payment System ARTIS, discussion handouts.

Elisabeth Ledrut / Bank for International Settlements: Tit fot Tat in Payment Systems, presentation.

Nadja Kamhi / Bank of Canada: Tit for Tat in Payment Systems, discussion handouts.

Fabien Renault / Banque de France: From PNS to TARGET2: the cost of FIFO in RTGS payment systems, presentation.

Kari Korhonen / Bank of Finland: From PNS to TARGET2: the cost of FIFO in RTGS payment systems, discussion handouts.

Kei Imakubo, Yutaka Soejima / Bank of Japan: Intraday Settlement Activities in the BOJ-NET RTGS, presentation.

Ana Lasaosa, Merxe Tudela / Bank of England: Risks and efficiency gains of a tiered structure in large-value payments: a simulation approach, presentation.

Renars Ronis / Bank of Latvia: Risks and efficiency gains of a tiered structure in large-value payments: a simulation approach, discussion handouts.

Day 2

Matti Hellqvist / Bank of Finland: Stress testing liquidity needs in Finnish retail securities settlement system, presentation.

Patrick Hess / European Central Bank: Stress testing liquidity needs in Finnish retail securities settlement system, discussion handouts.

Walt Beyeler / Sandia National Laboratories: Congestion and Cascades in Payment Systems, presentation.

Kimmo Soramäki / Helsinki University of Technology: Network topology and payment system resilience –first results, presentation.

Harry Leinonen / Bank of Finland: BoF-PSS2 – A tool for analysis of liquidity, risk and efficiency, presentation.

Step-by-Step Simulation example (decimal comma version), presentation.

Matti Hellqvist / Bank of Finland: Workshop for advanced users, presentation.