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The Bank of England is urging second-tier banks to take up direct membership of the Chaps high value payment system in an effort to bolster financial stability, warning that it may take action if its requests are spurned. In a speech delivered at a business meeting in Leeds, Chris Salmon, executive director of banking services [...]
The post BofE to force more second-tier banks to take up Chaps membership appeared first on Payments Cards & Mobile.
