Bimodal and Committee on Payments and Market Infrastructures: Difference between pages
imported>Doug Williamson (Create page. Sources: linked pages, Oxford English Dictionary.) |
imported>John Grout (To create the entry on re-naming of the CPSS the CPMI) |
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The Committee on Payments and Market Infrastructures is hosted by the [[Bank for International Settlements]] (BIS) in Basle. | |||
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. At their meeting 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 decided to rename the CPSS as the Committee on Payments and Market Infrastructures (CPMI). These changes were effective 1 September 2014. | |||
Revision as of 08:57, 1 September 2014
The Committee on Payments and Market Infrastructures is hosted by the Bank for International Settlements (BIS) in Basle.
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. At their meeting 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 decided to rename the CPSS as the Committee on Payments and Market Infrastructures (CPMI). These changes were effective 1 September 2014.
