Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation
The Payments Association
MAY 14, 2025
We can develop systems that settle instantly, but unless the law backs us, it’s just a ledger of promises. In his view, the promise of instant, cross-border settlement is fundamentally limited by inconsistent legal recognition of digital transactions across jurisdictions. Can real-time cross-border payments be safe?
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