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Next steps for cross-border payments: Aligning ambition with action

Author

Listed:
  • Knot, Klaas

    (Chair, Financial Stability Board and President, De Nederlandsche Bank)

Abstract

Enhancing cross-border payment arrangements is a shared global goal. Commitment, coordination and accountability will be critical to success. The Roadmap's endorsement by the G20 Leaders underlines its strong political backing from the largest financial centres. The private sector also has an important role to play in making the improvements in cross-border payments to achieve the ambitious targets of the Roadmap. Indeed, the success of the Roadmap will depend heavily on the commitment of public authorities and the private sector, working together to implement necessary improvements in existing payment infrastructure and developing new systems.

Suggested Citation

  • Knot, Klaas, 2022. "Next steps for cross-border payments: Aligning ambition with action," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 16(3), pages 204-206, October.
    • Handle: RePEc:aza:jpss00:y:2022:v:16:i:3:p:204-206
    as

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    More about this item

    Keywords

    cross-border payments; G20 Roadmap; FSB; CPMI; IMF; World Bank; FATF; AML/CFT;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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