Payments oversight more difficult in poorer nations

Lower income central banks more likely to feel they need more resources

Central banks from lower income countries are more likely to report their payments oversight teams are under-resourced.

Central Banking received responses from 38 participants in the Payments Benchmarks 2022 on whether they felt they had enough resources to fulfil their payments oversight mandate. 

Most (63%) said they do. However, around two in five said they do not. 

A previous benchmark found that the vast majority of central banks are the sole authority responsible for overseeing

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