Aggregated News From Investment Management Regulators

Federal Reserve Board amends implementation date of modifications to Reserve Bank payment services and corresponding changes to the Policy on Payment System Risk

Report/Flag

Please complete the required fields.



Federal Reserve Board amends implementation date of modifications to Reserve Bank payment services and corresponding changes to the Policy on Payment System Risk

For release at 12:00 p.m. EDT

The Federal Reserve Board on Friday announced that it is amending the implementation date for modifications to the Federal Reserve Banks’ payment services to facilitate adoption of a later same-day automated clearinghouse (ACH) processing and settlement window and for corresponding changes to the Federal Reserve Policy on Payment System Risk (PSR policy).

The Board previously announced these modifications with an implementation date of March 19, 2021. The implementation date is being amended to March 8, 2021, with the exception of two changes to the PSR policy regarding posting times for settlement of same-day ACH transactions that will still be implemented on March 19, 2021. This earlier implementation date will permit the Reserve Banks to test and implement modifications to the Fedwire® Funds Service and the National Settlement Service, including changes to the operating hours of those services, before March 19, 2021, which is Nacha’s current effective date for implementing the later same-day ACH window.

A copy of the Board’s Federal Register notice is attached.

For media inquiries, call 202-452-2955

Last Update: September 25, 2020

Source link

Regulator Information

Regulator Name: Federal Reserve System
Abbreviation: FRB US
Jurisdiction: United States

Recent Articles

Directive for the beneficial ownership register of express trusts and similar legal arrangements

See the Press Release published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

RichmondSuper

Attention! The FMA warns investors against concluding transactions with: RichmondSuper https://www.richmondsuper.com (Link to external page. Opens in new window.) [email protected] [email protected] [email protected] [email protected] [email protected] (Link to external page. Opens in new window.) This provider...

Hardson Becker Global

Attention! The FMA warns investors against concluding transactions with: Hardson Becker Global with its registered address apparently in Hangzhou, China www.hardson.com This provider is not authorised to carry...

“Let’s talk about money” – money laundering: how illegal assets are given a legal appearance

In the latest edition of its consumer information series, “Let’s talk about money” the Austrian Financial Market Authority (FMA) explains about the term money...

Chair Powell will host town hall with educators August 2, 2021 at 4 p.m. EDT

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

Get the latest from Regulatory.News in your inbox!

×