Central Banking

CPMI seeks better governance of fast payment links

Committee embarking on project to build supporting framework for FPS links

Big data

Linking up fast payment systems (FPS) is one of the most promising means of improving cross-border payments, but governing them remains challenging, the Committee on Payments and Market Infrastructures says in a new report.

“Opportunities to foster FPS interlinking have grown with the proliferation of FPS globally and trends towards greater interoperability at the technical level,” the CPMI says in the report. However, it adds governance and oversight are “especially challenging” due to the

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