Central Banking

Core principles for payment systems up for comment

The final reports on the CPSS "Core Principles for Systemically Important Payment Systems" and the joint CPSS/IOSCO consultative report on the "Recommendations for Securities Settlement Systems" have now been published. Both reports are available on the BIS website (Core Principles: http://www.bis.org/publ/cpss43.htm; Recommendations for SSS: http://www.bis.org/publ/cpss42.htm). The consultative period for the Recommendations ends 9 April 2001.

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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