The Committee on Payment and Settlement Systems (CPSS) is a global organisation that focuses on promoting the safety and efficiency of payment and settlement systems worldwide. It provides guidance and recommendations to central banks and other relevant authorities on various aspects of payment and settlement systems, including risk management, infrastructure, and oversight. The CPSS also conducts research and analysis on emerging trends and issues in the field of payment and settlement systems. Its objective is to enhance the stability and effectiveness of these systems, thereby contributing to the overall stability of the financial system.
The Committee on Payment and Settlement Systems (CPSS) is an international body that provides guidance and promotes best practices in the field of payment and settlement systems.
The CPSS plays a crucial role in ensuring the safety and efficiency of payment and settlement systems worldwide. It sets standards and principles for these systems and monitors their implementation.
The CPSS is composed of central banks and monetary authorities from various countries, as well as international organisations involved in payment and settlement systems.
By setting standards and promoting best practices, CPSS helps ensure the stability of payment and settlement systems, which are essential for the smooth functioning of financial markets.
No, CPSS membership is limited to central banks, monetary authorities, and international organisations. However, individuals and organisations can benefit from the guidance and standards set by CPSS.
CPSS does not have direct legal authority, but its recommendations and standards are highly influential and often adopted by member countries in their national regulations.
Yes, CPSS organizes workshops, seminars, and training programs to enhance the understanding and knowledge of payment and settlement systems among its members and the wider financial community.
CPSS publications and reports are freely available on their official website. These resources provide valuable insights into the latest developments and trends in payment and settlement systems.
You can contact CPSS through their official website or reach out to your local central bank or monetary authority, as they are likely to have a direct connection with CPSS.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 5th April 2024.
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