FSB opens debate on cross-border payments beyond 2027

FSB Deputy Secretary General called for debate on the next chapter of the cross-border payments roadmap beyond 2027 at an OMFIF-hosted event.

With the 2027 G20 roadmap targets approaching, the FSB is initiating discussion on the next phase of cross-border payments reform. This may extend focus areas including interlinking of fast payment systems, stablecoins, and legal/regulatory frictions, with implications for correspondent banking and payments infrastructure providers.

Sets strategic direction for global payments regulation impacting correspondent banks, PSPs and market infrastructures.

Successor phase of the G20 cross-border payments roadmap will define compliance and infrastructure investment priorities.

“At the virtual event hosted by OMFIF, the FSB Deputy Secretary General calls for a debate on the next steps for cross-border payments beyond 2027.”