On 31 May 2021, the FSB published, for public consultation, proposals for quantitative targets at the global level for addressing the challenges of cost, speed, transparency and access faced by cross-border payments. The FSB received 43 responses to the consultation, which ended on 16 July 2021, from payments industry participants and other stakeholders.  All non-confidential responses have been published on the FSB’s website.

This note summarises the comments raised in the public consultation, including to the specific questions set out in the consultation, and provides an overview of the changes made as a result.