Central banks, FMIs and the ‘green’ agenda

Collective efforts are needed to transform the environmental footprint of payment networks, writes Biagio Bossone

The looming threat of ecological unsustainability demands the attention of policy-makers, including financial authorities, urging them to contemplate effective solutions to tackle this pressing issue. While the international central banking community has engaged in deep reflections on the matter from the perspectives of monetary policy and financial stability, it has largely overlooked the ecological ramifications of financial market infrastructures (FMIs), particularly those supporting

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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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