Tag: financial regulations
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Cross-border payments remain focus for Fed
The Federal Reserve continues to prioritize the improvement of cross-border payments as part of its effort to modernize the financial system. Cross-border payments are transactions that involve transfers of funds across national borders, which can often be slow, costly, and inefficient. In recent years, the Fed has been working with other central banks and financial…
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FCA proposes rules to maintain access to cash
The Financial Conduct Authority (FCA) has recently proposed new rules aimed at ensuring continued access to cash for UK consumers. With the increasing popularity of digital transactions, the FCA seeks to address concerns and provide protection for individuals who rely on cash as their primary means of payment. The rise of electronic payments may provide…