FSB calls for more action on cross-border payments
Reports say regional disparity remains and “significant progress” is needed to meet targets
The Financial Stability Board (FSB) has urged key stakeholders to make stronger efforts to improve cross-border payments.
The FSB today (October 21) published three separate reports, focusing respectively on user experience, the implementation of legal entity identifiers (LEIs) – unique codes assigned to organisations involved in financial transactions – and the actions taken by international organisations over the past year.
Last year, the FSB established a benchmark and target for improving user
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