Central Banking

Principles for financial plumbers

Payment systems, the "plumbing" underpinning international capital markets, aretoo often ignored. John Trundle from the Bank of England, who recently helpeddevise new standards for payment system safety, explains what changes areneeded in the latest issue of The Financial Regulator.

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Payment systems are not the sexiesttopic in the world. I know well theglazed look that comes acrosspeople's faces when

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