KUALA LUMPUR, May 8 Bank Negara Malaysia (BNM) and Bank Indonesia (BI) has announced the commercial launch of the Indonesia-Malaysia cross-border quick response (QR) code.
<p><span>The Financial Stability Board (FSB) today published a </span><a href="https://www.fsb.org/2023/02/g20-roadmap-for-enhancing-cross-border-payments-priority-actions-for-achieving-the-g20-targets/">report setting out priority actions for achieving the G20 targets for enhancing cross-border payments</a><span>. The report has been delivered to G20 Finance Ministers and Central Bank Governors for their meeting on 24‑25 February. It synthesises the lessons learnt during the first two years of the </span><span>Roadmap</span><span> for Enhancing Cross-border Payments, </span><span>including feedback from stakeholders, and focuses the next phase of work on three interrelated priority themes:</span></p>
<p><span>The Financial Stability Board (FSB) invites firms that participate in the cross-border payments market and relevant industry associations to nominate senior representatives to a new taskforce on legal, regulatory, and supervisory matters that may contribute to enhancing cross-border payments (the “LRS taskforce”).</span></p>