Committee on Payments and Market Infrastructures: Difference between revisions
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The Committee on Payments and Market Infrastructures is hosted by the [[Bank for International Settlements]] (BIS) in | The Committee on Payments and Market Infrastructures is hosted by the [[Bank for International Settlements]] (BIS) in Basel. | ||
The Committee promotes the safety and efficiency of payment, clearing, settlement and related arrangements, thereby supporting financial stability and the wider economy. | The Committee promotes the safety and efficiency of payment, clearing, settlement and related arrangements, thereby supporting financial stability and the wider economy. | ||
Revision as of 12:22, 31 July 2016
The Committee on Payments and Market Infrastructures is hosted by the Bank for International Settlements (BIS) in Basel.
The Committee promotes the safety and efficiency of payment, clearing, settlement and related arrangements, thereby supporting financial stability and the wider economy.
It monitors and analyses developments in these arrangements and provides a forum for central bank cooperation in related oversight, policy and operational matters, including the provision of central bank services.
It is also a global standard setter in this area.
The Committee was formerly called the Committee on Payment and Settlement Systems. In June 2014, the central bank Governors of the Global Economy Meeting (GEM) endorsed a new mandate and charter for the CPSS.
The GEM also renamed the CPSS as the Committee on Payments and Market Infrastructures (CPMI).
These changes came into effect on 1 September 2014.
