Curbing threats to payment systems a priority: Fed’s Rosengren

Attacks on electronic payment systems are a serious financial stability concern that requires public investment, and that the US Federal Reserve and other central banks should move to thwart, a top Fed official said today.
Boston Fed President Eric Rosengren did not comment on monetary policy or the economy in a speech to the Basel committee on banking supervision. Instead, he warned that central banks must be more proactive to protect the “many potential points of failure” in the complex landscape of payments.
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