At first sight, this evolution runs counter to the need for a larger involvement of NCBs in prudential supervision. However, in this field implementation details are crucial. In particular, it is crucial that effective provisions for a close co-operation and a smooth exchange of information between the separate supervisory authority and the NCB are laid down.
Progress on Fast Payments for All: An Update on FedNow  Remarks by Lael Brainard Vice Chair Board of Governors of the Federal Reserve System at FedNow Early Adopter Workshop Rosemont (via webcast)  August 29, 2022  -1I am pleased to join the FedNow Early Adopter Workshop.