This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Cross-border payments system set for overhaul as standard-setters acknowledge shortcomings

( July 13, 2020, 19:00 GMT | Official Statement) -- MLex Summary: The global cross-border payments system is set to be revamped as international standard-setters have recognized that longstanding frictions in regulation and supervision need an overhaul to reduce costs and improve speed. A new report from the Committee on Payments and Market Infrastructures — part of the Bank for International Settlements — today set out 19 building blocks to improve cross-border payments, as the shortcomings have been thrown into the spotlight due to improved domestic-payments and private-sector initiatives, such as Facebook-led Libra.The statement, report, technical background and letter to G20 finance ministers and central bank governors are attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login