To monitor and analyse developments in domestic payment, settlement and clearing systems as well as in cross-border and multicurrency systems. The Committee also focuses on standard-setting activities.
Senior officials responsible for payment and settlement systems in central banks.
Institutions |
National Bank of Belgium |
Bank of Canada |
European Central Bank |
Bank of France |
Deutsche Bundesbank |
Hong Kong Monetary Authority |
Bank of Italy |
Bank of Japan |
Netherlands Bank |
Monetary Authority of Singapore |
Sveriges Riksbank |
Swiss National Bank |
Bank of England |
Board of Governors of the Federal Reserve System |
Timothy F Geithner, President and Chief Executive Officer of the Federal Reserve Bank of New York.
Denis Beau, Head of Secretariat, supported by a staff of four.
The Committee meets three times a year.
No public releases of the meeting agendas or discussions are made. Regular reports on the Committee meetings are made by the Chairman to the Committee of G10 central bank Governors.
The Committee has developed relationships with many non-CPSS central banks in order to help strengthen payment systems globally. This involves a number of different activities including participation by some of the central banks in certain of the Committee's working groups, circulation to central banks worldwide of internal Committee papers on analytical and policy aspects of payment systems, co-organisation of seminars and workshops with regional payment system groups, and publication of reference studies on payment systems in individual countries.
Main subgroups