✉news BusinessBanking first seen 15 h ago, last 2 h ago, peak #7
Citi CEO calls on central banks to operate 24/7
Original: Citi’s Fraser: ‘We’re still waiting for central banks to operate 24/7’
Citi chief executive Jane Fraser said banks are still waiting for central banks to make payment systems operate around the clock, seven days a week. Her comments highlight a growing gap between always-on private payment services and traditional central bank settlement hours, a sticking point for instant cross-border transactions and the broader tokenisation of finance.
Why now: The push for 24/7 central bank settlement is a live debate as instant payments and tokenised assets outgrow legacy operating hours.
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