Central Banking

Padoa-Schioppa to Head BIS payments committee

The governors of the central banks of the Group of Ten countries have appointed Tommaso Padoa-Schioppa, ECB's banking supervision supremo, as chairman of the Committee on Payment and Settlement Systems (CPSS) as from 15 June 2000. Padoa-Schioppa will succeed the Bundesbank's Wendelin Hartmann, who has chaired the committee since 1998 and has been a member of the CPSS since its establishment in 1990. Hartmann, you may remember, had his 63rd birthday on 7 May.

The G10 central bank governors als