Payment systems and securities settlement systems are at the heart of the economic and financial activity in any country. Broadly speaking, they form the infrastructure that allows assets to flow through an economy. As a result, the smooth functioning of payment and settlement systems is vital to financial stability.
Promoting the smooth functioning of payment systems is one of the Banco de España's functions. The Bank is responsible for their oversight. It identifies and assesses inherent risks, and verifies that all systems are equipped with proper control mechanisms. The Bank is also the competent authority for supervising compliance with the legislation applicable to payment systems.
This section provides information on the systems that are based in Spain that clear and settle payments and securities. It also details information about the Single Euro Payments Area (SEPA). Furthermore, it contains information on market infrastructure oversight, including those aspects related to cyber resilience. Lastly, there is a subsection on the digital euro, detailing the project and providing other documentation of interest.
