Most retail payment systems used by Canadians, such as debit and credit custom essay paper writing service card networks, fall within these parameters. Given the importance of payment systems to the economy, the Government oversees their operation through stated policy objectives of safety and soundness, efficiency help me for money writing of essay and consideration of user interests. Through these objectives, the Government seeks to have a payments system that responds to the needs of Canadian essay on internet consumers and business in support of a vibrant economy. The Government has developed an oversight framework in which writing of essay each system is home from work assigned a place along a continuum according to the overall level of risk it poses to the economy.

Moving from the right to left on the continuum, the relative importance of the risks associated with a system changes from those related to user protection to risks of a potentially systemic nature. The balance of public policy objectives also changes accordingly.

For instance, payment systems located to the right on the continuum would include smaller value, substitutable systems used to process retail payments where risks are primarily to consumer protection. Moving towards the left along the continuum, the buy college papers severity of risks would increase, with potential impacts on the economy. At the far left are systemically important systems, which include the Large Value Transfer System.

Safety and soundness would therefore be emphasized.

The public policy principle of efficiency would apply across the spectrum. The nature of the payment system categories and approach to oversight is explained in more detail writing homework below. To date, oversight has focused on those systems where a disruption or failure has the potential to pose the greatest risks to Canadian financial stability writing of essay and economic activity.