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Central banks will not rescue firms from future of payments – ECB’s Cœuré - Central Banking

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Incumbent banks should not rely on central banks to come to their aid should the financial landscape become disrupted by new payment service providers, one of Europe’s senior central bank officials has warned.

Speaking alongside a panel of experts at the Spring World Bank and International Monetary Fund meetings on April 10, Benoît Cœuré said the European Central Bank was “not in the business of helping banks”.

From Central banks will not rescue firms from future of payments – ECB’s Cœuré - Central Banking.

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