Central Banking

FSB cross-border payments work hampered by data problems

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The Financial Stability Board’s efforts to set quantitative targets for its cross-border payments work have run into problems with data availability, an interim report says.

A “foundational step” in efforts by the Group of Twenty to create a payments roadmap was the development of targets for improving cost, speed, transparency and access. However, the existing data is often not up to the task, the FSB working group tasked with identifying suitable information finds.

“Measuring progress toward

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