Targets for addressing the four challenges of cross-border payments consultation: European Banking Associations response
BRUSSELS, 19 July 2021 – The EBF, together with other banking sector associations, has responded to the Financial Stability Board’s consultation on Targets for Addressing the Four Challenges of Cross-Border Payments. Overall, we appreciate the initiative for global action. However, we believe that such a complex overhaul of the global payments system requires a thorough analysis as well as an analysis of the whole system, in order to define a target date. Right now, the targets are a strong challenge for all parties involved and some adjustments of the proposed targets are needed.
Contacts:
Anni Mykkanen, Senior Adviser, Payments & Innovation a.mykkanen@ebf.eu
About the EBF:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu Twitter: @EBFeu.
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