Canada: Payments Canada Consults on Policy Proposals for Its New High-Value Payments Systems

On October 10, 2019, Payments Canada launched a consultation on a proposed policy framework for its new real-time gross settlement, high-value payments system, Lynx, which is going to replace the current Large Value Transfer System (LVTS) for wire payments. 

This consultation is seeking the opinions of association members and other stakeholders on fundamental policy elements of Lynx, while also providing an overview of the system’s expected financial risk framework. 

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