On Thursday 28 September, the Committee on Payments and Market infrastructures (CPMI), which represents some 20 central banks in the world and the European Central Bank, proposed a strategy to tackle fraud against wholsale payments made by banks and market financial infrastructures.
“Wholesale payments abroad is becoming increasingly sophisticated and is expected to evolve further. We need to move fast, and together, to guard against any loss of confidence in the system”, said CPMI...