Federal Reserve to Implement Changes to Payment System Risk Policy in Early 2011

July 16, 2010

The Federal Reserve Board announced on June 28, 2010 that it will implement changes to its Payment System Risk (PSR) policy in early 2011. A specific implementation date will be announced at least 90 days in advance. In December 2008, the Board adopted revisions to the policy and said that the Federal Reserve would implement these changes between late 2010 and early 2011.