Central Banking

Non-banks in RTGSs: greater efficiency or more risk?

Policy-makers and practitioners from central banks in Brazil, Hungary, Israel, Romania, Rwanda and the US share their perspectives

Digital cogs

New developments come in hot and fast in the financial system, forcing regulators to deal with questions that potentially could take decades to investigate thoroughly. One current theme is whether to include non-banks as core members of real-time gross settlement (RTGS) systems.

RTGSs, which handle the largest money and securities transfers instantly in central bank money, are one of the most pivotal domestic financial infrastructures in any jurisdiction. Traditionally, overseen and/or operated

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

FedNow – at last

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

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.