Payments Benchmarks 2021 – governing members presentation

Rachael King

One of the core functions of a central bank is to maintain public confidence in money. Ensuring the safety and efficiency of national payment infrastructure is central to this objective.

Historically, central banks have provided a safe settlement asset in the form of central bank money and in most cases operate systems that allow for the transfer of this asset. Key among them are real-time gross settlement systems, many of which are up for renewal.

Over the years, central bank payment

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