The Bank for International Settlements' (BIS) Committee on Payment and Settlement Systems (CPSS) has been renamed and given a new charter, the Basel-based organisation announced today.
"At their meeting in June 2014, the central bank governors of the BIS ‘Global Economy Meeting' (GEM)" – a supervisory body comprising 30 governors of central banks that account for 80% of global GDP – "decided to rename the CPSS as the Committee on Payments and Market Infrastructures (CPMI)" in June, the body said
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