The following Financial Services guidance note provides comprehensive and up to date legal information covering:
The Committee on Payments and Market Infrastructures (CPMI) is a forum housed within the Bank for International Settlements (BIS) that promotes the safety and efficiency of payment, clearing, settlement and related arrangements, thereby supporting financial stability and the wider economy, and allows central banks to monitor and analyse their developments. CPMI sets standards, conducts research, and promotes global co-operation in payment and settlement issues.
The CPMI was established in 1990 by the governors of the G10 under the name of Committee on Payment and Settlement Systems (CPSS), in order to follow on from the work of other groups that had been set up by G10 to work on payment system issues and policy issues relating to cross-border and multi-currency inter-bank netting schemes. In September 2013 the CPSS reviewed its mandate. The new mandate was approved by the Global Economy Meeting, which also endorsed the renaming of the CPSS as CPMI. These changes became effective as of 1 September 2014.
CPMI's focus is to monitor and analyse developments in domestic payment, settlement and clearing systems as well as in cross-border and multi-currency systems. The CPMI also focuses on standard-setting and monitoring activities.
Since its establishment, membership of the CPMI has grown
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