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Enhancing cross-border payments: building blocks of a global roadmap – Technical background report

Summary:
Stage 2 report to the G20 CPMI Papers  |  No 194  |  13 July 2020 PDF full text (4,112kb)  |  60 pages The G20 has made enhancing cross-border payments a priority during the 2020 Saudi Arabian Presidency. This CPMI report provides technical background to the main policy report that it accompanies. Together they represent the output of Stage 2 of the three-stage process coordinated by the Financial Stability Board (FSB) to develop a global roadmap for enhancing cross-border payments. This report provides detailed descriptions of the 19 "building

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Stage 2 report to the G20

CPMI Papers  |  No 194  | 
13 July 2020
PDF full text
 (4,112kb)
 |  60 pages

The G20 has made enhancing cross-border payments a priority during the 2020 Saudi Arabian Presidency. This CPMI report provides technical background to the main policy report that it accompanies. Together they represent the output of Stage 2 of the three-stage process coordinated by the Financial Stability Board (FSB) to develop a global roadmap for enhancing cross-border payments.

This report provides detailed descriptions of the 19 "building blocks" where further joint public and private sector work could enhance cross-border payments. The 19 building blocks are arranged into five focus areas, four of which (focus areas A to D) seek to enhance the existing payments ecosystem, while focus area E is more exploratory and covers emerging payment infrastructures and arrangements.

International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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