Interlinking, in fact, means reusing existing infrastructure and reducing implementation times and costs. Fast payment systems have the greatest potential for interlinking. They operate on a continuous basis, allowing for a full overlap of operating hours for 24/7 access across jurisdictions. They generally have a high degree of semantic interoperability (i.e.
The international policy debate The FSB has led the way in developing a policy framework that groups different market finance activities according to their economic functions (Financial Stability Board 2012). However discussions around the choice of regulatory tools to mitigate financial stability risks have been challenging.