Central Banking

FSB sets ‘priority actions’ for global payments reform

Broad study of interoperability and alignment has been narrowed down to specific actions


The Financial Stability Board published a set of “priority actions” to guide reform of cross-border payments worldwide, ahead of the latest meeting of the Group of Twenty nations.

After nearly three years of preparatory work, the FSB has moved from conducting a broad overview of the issues to focusing on specific priorities for countries to begin implementing. The report, published on February 23, groups actions under the headings of interoperability, legal and regulatory issues, and cross

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