The Federal Reserve Board on Wednesday proposed revamping the net settlement services it offers banks.

Under the proposal, banks would be allowed to settle transactions between 8:30 a.m. and 4 p.m. eastern time. The settlement would become final that day.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.