Committee on Payment and Settlement Systems
|Committee on Payment and Settlement Systems (CPSS)|
|Products||International organization that fosters the cooperation of central banks and international financial institutions|
The Committee on Payment and Settlement Systems (CPSS) is a forum housed within the Bank for International Settlements (BIS) that allows central banks to monitor and analyze developments in payment, clearing and settlement systems. CPSS sets standards, conducts research, and promotes global cooperation in payment and settlement issues.
CPSS cooperates with other groups such as the International Organization of Securities Commissions (IOSCO), the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB), on certain issues such as global payment systems. On Jan. 17, 2012, the Committee on Payment and Settlement Systems (CPSS) and the technical committee of the International Organization of Securities Commissions (IOSCO) published their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories.
- CPSS History. Bank for International Settlements.