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Fed delays Payment System Risk policy changes

The Federal Reserve Board has published a notification of delay [85 FR 19077] of the implementation date of changes to part II of the Federal Reserve Policy on Payment System Risk (“PSR policy”) related to procedures for determining the net debit cap and maximum daylight overdraft capacity of a U.S. branch or agency of a foreign banking organization. The original implementation date of April 1, 2020, has been changed to October 1, 2020.

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