Committee on Payments and Market Infrastructures
Committee on Payments and Market Infrastructures

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Committee on Payments and Market Infrastructures
  • The work and foundations of the Committee on Payments and Market Infrastructures (CPMI)
  • Organisation and membership
  • Principles for financial market structures
  • Consultative report
  • The principles
  • The responsibilities
  • Monitoring the implementation of the principles
  • Assessments
  • What should FMIs and Regulators do to comply?
  • More...

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

The work and foundations of the Committee on Payments and Market Infrastructures (CPMI)

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

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