The integrability of a family of Hamiltonian systems, describing in a
particular case the motion of N ''peakons'' (special solutions of the
so-called Camassa-Holm equation) is established in the framework of th
e r-matrix approach, starting from its Lax representation. In the gene
ral case, the r-matrix is a dynamical one and has an interesting thoug
h complicated structure. However, for a particular choice of the relev
ant parameters in the Hamiltonian (the one corresponding to the pure '
'peakons'' case), the r-matrix becomes essentially constant, and reduc
es to the one pertaining to the finite (non-periodic) Toda lattice. In
triguing consequences of this property are discussed and an integrable
time discretisation is derived.