The primary objective of oversight performed by NBP is to ensure efficient and safe functioning of payment system, as well as compliance of overseen systems’ rules with the provisions of law in order to ensure their smooth operating and thereby to reduce the systemic risk existing in these systems.
These tasks are strictly related to NBP’ core responsibilities:
Oversight of the payment system focuses on the functioning of payment system, securities clearing systems and securities settlement systems and provision of the acquiring service by national payment institutions. NBP’s role in the conduct of oversight entails assessing applications submitted by entities which intend to operate within the above scope, collecting information regarding the current operations from entities which it oversees, assessing these operations and the performance of tasks with a view to introducing amendments necessary for the functioning of the aforementioned systems and provision of the acquiring service.
- maintaining the stability of the national financial system,
- maintaining public confidence in the national currency,
- protection and ensuring the transmission channels for monetary policy transmission.