Events listed in G20 Roadmap for Enhancing Cross-border Payments
FSB identifies frictions from data frameworks that pose challenges to enhancing ...
ID 25053
The FSB has released a stocktake report assessing international data standards relevant to cross-border payments. This initiative aligns with the G20 Cross-border Payments Roadmap’s goal of improving the interaction between data frameworks and cross-border payments. The report underscores the importance of data transfer across borders for the functioning of cross-border payment systems and highlights various data frameworks, encompassing legal, regulatory, and technical ...
BIS’s Project Nexus prototype successfully links Eurosystem, Malaysia and ...
ID 22440
The BIS Innovation Hub published a report on Project Nexus, an initiative that aims to improve instant cross-border payments. Indeed, cross-border payments are often slow, costly, and frustrating, with significant costs imposed on individuals and businesses. In contrast, domestic instant payment systems (IPS) in over 60 countries reach their destination in seconds at near-zero cost. **Nexus seeks to link up multiple instant payment systems ...
G20 Roadmap for Enhancing Cross-border Payments: Priority actions for achieving the ...
ID 21994
The Financial Stability Board (FSB) has published a report outlining priority actions to achieve the G20 targets for enhancing cross-border payments. The report has been submitted to the G20 Finance Ministers and Central Bank Governors for their meeting on 24-25 February 2023. The report summarizes the lessons learned during the first two years of the Roadmap for Enhancing Cross-border Payments and includes feedback from ...