Fed Offering Webinar on Settlement Service Proposal

The Federal Reserve is offering a webinar Monday on its recent proposal to develop a 24/7/365 real-time gross settlement (RTGS) service to facilitate interbank settlement of faster payments.

In October, the Federal Reserve released a proposal relating to a potential settlement service and liquidity management tool that could help address the future needs of a real-time retail payments environment. The Fed is encouraging comments on the proposal – especially from smaller financial institutions, such as credit unions. Comments are due to the Fed by Dec. 14. 

Registration for the webinar is available here.

in Compliance & Regulatory News