Central Banking

FSB unveils ‘comprehensive plan’ to reform global payments

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The Financial Stability Board has published what it calls a “comprehensive plan” to reform the global payments network.

This “roadmap”, published today (October 13), sets out five areas of focus that countries will need to act on if they are to improve cross-border payments.

By their nature, such payments will require countries to move together – sending a fast payment to a country with slow infrastructure will not generate the sort of improvement policy-makers hope for. “The more countries

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