G20: Announced Stage 3 Enhancing Cross-border Payments project report

On 13 October 2020, the Financial Stability Board published the stage 3 report of the Enhancing Cross-border Payments project. In particular, the report provides a roadmap for establishing cross-border payments. The suggestions are divided into five focus areas: developing a joint public and private sector vision; coordinating on regulatory, supervisory and oversight frameworks; improving payment infrastructures; increasing data quality and processing; exploring the impact of new payment arrangements and infrastructures.