ECB: Instant payments - What is the role of central banks?

EL4_OT2 2018-10-24T15:30:00.000Z

Open Theatre 2
Mehdi Manaa
Deputy Director General
European Central Bank
David Sapenaro
Chief Operating Officer and Payments Strategy Director
Federal Reserve Banks

Central banks around the world are getting more involved in the settlement of instant retail payments. What are the underlying reasons for this, and what models are being used to facilitate the shift towards instant payments? We discuss these questions with representatives of the Reserve Bank of Australia, the Federal Reserve Bank and the European Central Bank and explore the different strategies.