In October 2020, the FSB delivered a multi-year roadmap to the G20 leaders who endorsed the way forward and committed to advancing meaningful change aimed at increasing the efficiency and effectiveness of cross-border payments. 2 Ultimately, we are focused on addressing the core challenges associated with cross-border payments: cost, speed, accessibility, and transparency.
This is an issue that might be challenging to institutional investors such as pension funds, as rules limit their ability to invest in riskier assets. On the other hand, search for yield and higher returns might make some investors to take on excessive risk. Central banks’ asset purchase programmes are not the only reason for the globally low interest rate environment.