CPSS issues payment report
BASEL – The Committee on Payment and Settlement Systems (CPSS) issued a series of reports in early May on payment system developments around the world.
The first paper, New developments in large-value payment systems, describes substantial innovations in the design of large-value payment systems (LVPS) that have taken place since the publication of its report on real-time gross settlement systems in 1997. According to the Bank for International Settlements, which published the paper, it shows that the complexity of trade-offs between risks and costs implies a wide range of possibilities for LVPS design. As there is no single solution fitting
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