Subject The article addresses issues of integrated risk management system organization within payment systems. Objectives The purpose is to develop a methodology for creating an efficient risk management in payment systems. The research continues a series of articles on the subject. Methods Using the national risk management standards, we analyzed and adapted risk management procedures to payment systems specifics based on allocation of powers and duties for risk management among payment system's entities. Results We offer a methodology for creating an integrated system of risk management in payment systems that meets the requirements of relevant national laws and regulations, international standards on infrastructure organizations of the financial market, and national standards on risk management. Conclusions The methodology is aimed at building a risk management system regardless of design, availability of additional services, and organizational component of the payment system.
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