Regulatory Alerts2019-03-07
NPS Oversight Policy Framework
The Central Bank of Eswatini promulgates this framework to mandate comprehensive regulatory oversight over the national payment system, requiring operators and service providers to maintain safe, efficient, and resilient clearing and settlement operations. The policy defines oversight scope across systemically important payment systems, central securities depositories, and retail channels, deploying continuous monitoring, risk-proportionate regulations, and structured stakeholder dialogue to identify and mitigate financial and operational risks. By aligning domestic infrastructure with international standards, the framework strengthens shock absorption, preserves public confidence in the currency, and accelerates financial inclusion through modernized electronic payment networks.