Committee on Payments and Market Infrastructures (CPMI)
Central banks, FMIs and the ‘green’ agenda
Collective efforts are needed to transform the environmental footprint of payment networks, writes Biagio Bossone
CPMI seeks better governance of fast payment links
Committee embarking on project to build supporting framework for FPS links
Fabio Panetta to chair CPMI
Eddie Yue to lead emerging market committee, as Perry Warjiyo stays on as Asia committee chair
CPMI-Iosco report surveys CCP tools for ‘non-default losses’
Losses from investment risk or cyber attacks could threaten a CCP’s survival, report says
Cash demand solid despite digitalisation, CPMI finds
Latest ‘red book’ statistics show rapid growth in cashless payments, but demand for cash still resilient
CPMI and Iosco raise ‘serious’ concern over cyber security flaw
Global bodies say several FMIs have vulnerabilities in their cyber security
RTGS operating hours must expand, BoE’s Cunliffe says
Longer hours and more non-bank access would speed up cross-border payments, says CPMI chair
CPMI creates framework for linking payments
Linking and use of APIs could cut need for long chains of correspondent banks, report says
Round-the-clock RTGS operation still uncommon
Most central banks keep core settlement system running for 7–12 hours each day
CPMI proposes ‘global settlement window’
BIS committee says window could work as focal point for aligning payment systems worldwide
CPMI and Iosco say systemic stablecoins must meet FMI principles
Stablecoins perform similar functions to other financial market infrastructures, say bodies
CPMI aims to ‘shape the future of payments’
Committee publishes work programme for first time, focusing on innovation and risks in FMIs
Regulators need common crypto asset standards – policy-makers
“Too many” crypto assets created to avoid regulation, official tells Central Banking summit
CPMI tracks further decline in correspondent banking
Number of active correspondents down over 20% since 2011, latest data shows
Regulators must enforce stronger payment data protection – CPMI
Payment oversight needs to be updated to accommodate fintech firms and protect consumers
Powell to lead two key BIS committees
French governor leads BCBS oversight body, BoE’s Cunliffe to head CPMI, and NY Fed has key Americas role
New data reveals 20% drop in correspondent banking
CPMI data reveals ongoing decline; FSB unveils latest work to reverse trend
Beyond payments: central bank digital currency
Issuance of central bank digital currencies, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond zero lower bound
Standard-setters update analysis of CCP network
Basel-based organisations find network has only shifted somewhat in the past year
FSB weighs effects of post-crisis reforms on central clearing
Report finds incentives to centrally clear are strong in the “systemic core” but weaker elsewhere
FSB launches crypto asset monitoring framework
Metrics will focus on the financial stability risk of crypto market