US: Federal Reserve Consults on Measures to Streamline Real-Time Interbank Settlement of Faster Payments

On October 3, 2018, the Federal Reserve launched a public consultation aimed at obtaining feedback on potential actions to be implemented to facilitate real-time interbank settlement of faster payments, in alignment with the policy features set out in the “Strategies for Improving the U.S. Payment System (SIPS)” paper. The Federal Reserve seeks comments on two potential actions, while addressing issues in relation to resilience and security of payments infrastructure.

The potential actions under consultation are:

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