EPIF is delighted to share with you its contributions to the FSB consultation under the G20 Roadmap on regulatory and supervisory alignment.

EPIF is a very strong supporter of the G20 Roadmap on Cross-Border Payments and appreciates the opportunity to respond to this consultation. Regulation and compliance have emerged as one of the largest cost elements for the industry. These often-justified costs are ultimately borne by the customer. Streamlining regulation, advancing outcome- based and risk-based solutions to regulation and supervision, as well as the support for the adoption of new technologies will all contribute to reducing costs and improving the efficiency and seamlessness of the customer’s payment experience. This makes it easier for new entrants to enter the market, enhancing choice and competition for the customer. EPIF therefore very much supports this FSB initiative and stands ready to assist this effort in any way possible.

The complete EPIF contributions to the consultation report can be found below.