This week, PayPal submitted a response to the Financial Stability Board (FSB) consultation to enhance the interaction between data frameworks and cross-border payments. This is a part of the FSB's priority actions to move forward the G20 Roadmap for enhancing cross-border payments.
PayPal welcomed the opportunity to share our comments with the FSB and we noted that cross-border data sharing is critical in light of the global fraud threat. We share specific recommendations in these areas and encourage further cooperation between global policymakers to support harmonized cross-border data flows that are critical to economic growth in domestic and international contexts.
View the response here. The response submitted by PayPal can also be found on the Financial Stability Board website.