Oversight functions stifled by lack of resources, some central banks say
Skills and resources were identified as limiting factors
Thirty percent of central banks that participated in the payments benchmarks said they do not have the resources to fulfill their payments mandates. Twenty-six out of 37 central banks (70%), however, said they did.
A central banker from an upper-middle income African country highlighted the challenges of the evolving nature of payments systems and technological advancements.
They said new payment products and services often render the central bank's skills and resources required to keep pace
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