Central Banking

NY Fed analyses large-value payments trends

The evolution of central bank policies is one of the main forces behind changes in large-value payment systems, research published by the New York Federal Reserve finds.

Evolving polices are enabling central bankers to monitor existing and planned systems according to international standards, which is leading to the adoption of common standards to enhance risk management and service levels.

Technological innovation and structural changes in banking are the other main forces that the research

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