9 September 2013
At their meeting in Basel today, the central bank governors of the Global Economy Meeting (GEM)[1]appointed Benoît Cœuré as Chairman of the Committee on Payment and Settlement Systems (CPSS). Mr Cœuré is a member of the Executive Board of the European Central Bank (ECB). The CPSS is a central bank forum that contributes to strengthening financial markets by promoting sound and efficient payment, clearing and settlement systems. It monitors and analyses developments in such systems and is an international standard-setting body for them. Mr Cœuré’s appointment is for a term of three years. He succeeds Paul Tucker, Deputy Governor, Financial Stability of the Bank of England, who has been CPSS Chairman since April 2012. Mr Cœuré has been a member of the ECB’s Executive Board since January 2012 and has responsibility for payments and market infrastructure, market operations and economic research. Before going to the ECB he was Deputy Director General of the French Treasury. He has also been the chief executive of the French debt management office, Agence France Trésor. Further information about the CPSS may be found on the BIS website at www.bis.org/cpss/index.htm.