Central Banking

Tucker replaces Dudley as chairman of CPSS


The governors of the world's leading central banks today named Paul Tucker, deputy governor for financial stability at the Bank of England, as the new chairman of the Committee on Payment and Settlement Systems (CPSS).

Tucker replaces William Dudley, president and chief executive of the Federal Reserve Bank of New York, who has chaired the CPSS since May 2009. Tucker will serve a three-year term.

The CPSS is a central bank forum responsible for monitoring and developing payment, clearing and set

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