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✉news BusinessBanking first seen 4 h ago, last 51 min ago, peak #7

Citi CEO Jane Fraser calls for central banks to operate 24/7

Original: Citi’s Fraser: ‘We’re still waiting for central banks to operate 24/7’

Citigroup chief executive Jane Fraser said the banking industry is still waiting for central banks to operate around the clock, arguing that payment infrastructure has not kept pace with markets that no longer stop at national borders or business hours. Her remarks add to a wider debate among bankers over modernising settlement systems, faster payment rails and the role central banks should play in instant, always-on finance.

Why now: Debate over instant payments and central bank digital infrastructure is intensifying as markets move toward round-the-clock settlement.

CitiJane Frasercentral banks

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