Iceland central bank holds first meeting of payment council

Central Bank of Iceland

The Central Bank of Iceland held the first meeting of its newly created payments council on April 23.

The council aims to ensure “policy formulation in the fields of payment intermediation and financial market infrastructure in Iceland is based on appropriate foundations, with security, efficiency and efficacy as guiding principles,” said the central bank in a statement on April 29.

The new body has been created as a consultative forum for authorities, market participants and other

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