Central Banking

FSB sets ‘priority actions’ for global payments reform


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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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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