Regulatory Alerts2023-08-31
Regulation on the Kosovo Interbank Payment System
The Board of the Central Bank of the Republic of Kosovo issued this regulation to establish comprehensive operational rules for the Kosovo Interbank Payment System (KIPS). It defines KIPS’s dual RTGS and ACH components, outlines participant eligibility and membership procedures, and mandates real-time gross settlement for large-value transactions alongside net clearing for small-value payments. The CBK retains supervisory authority to monitor system stability, manage intraday liquidity, and enforce temporary restrictions, suspensions, or exclusions of participants to ensure financial stability.
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