Norges Bank headquarters, Oslo
Norges Bank and the European Central Bank (ECB) have agreed to allow krone-based payments to be settled through the Eurosystem’s Target Instant Payment Settlement (Tips) system.
The two institutions announced the news today (November 29), five months after Norges Bank’s board gave its governor the go-ahead to finalise discussions with the ECB. The ECB said the krone would be fully integrated into Tips by “the first half of 2028”.
Norges Bank governor Ida Wolden Bache said a well-functioning
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Sorry, our subscription options are not loading right now
Please try again later. Get in touch with our customer services team if this issue persists.
New to Central Banking? View our subscription options
If you already have an account, please sign in here.
You already have an account with one of the websites below that uses this email address.
Risk.net, FX Markets.com, WatersTechnology.com, Central Banking.com, PostOnline.co.uk, InsuranceAge.co.uk, RiskTechForum.com and Chartis-Research.com.
Please use your existing password to sign in.
All fields are mandatory unless otherwise highlighted
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
Sign in
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
Sign in
You are currently on corporate access.
To use this feature you will need an individual account. If you have one already please sign in.
Sign in.
Alternatively you can request an individual account
.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=6749eaedf4c44e5c82a12bf865b47856&url=https%3A%2F%2Fwww.centralbanking.com%2Fcentral-banks%2Fpayments%2F7962805%2Fnorway-joins-target-instant-payments-system&c=14170067424761147113&mkt=en-us
Author :
Publish date : 2024-11-29 07:39:00
Copyright for syndicated content belongs to the linked Source.