Bank of Korea Governor Shin Hyun-Song Appointed Chairman of BIS CPMI… Establishment of Payment and Settlement Standards
6 Articles
6 Articles
The Bank of Korea announced on the 10th that Governor Shin Hyun-song has been appointed as the Chair of the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements (BIS). Governor Shin's term as Chair is three years, beginning November 1. The CPMI is a key consultative body among central banks under the BIS Council of Governors. Its goal is to enhance the stability and efficiency of payment and settlemen…
The Bank of Korea announced on the 10th that Governor Shin Hyun-song was appointed as the Chair of the Committee on Payments and Market Infrastructure (CPMI) following consultations with member countries at the Bank for International Settlements Global Economic Meeting (BIS GEM). This marks the first time a non-U.S. or European national has assumed the chairmanship, and his term is three years.
(Seoul = Yonhap News) Reporter Chae Sae-rom = Bank of Korea Governor Shin Hyun-song has been appointed as the head of an international committee establishing international standards in the field of payment settlements, including tokenization.
Bank of Korea Governor Shin Hyun-song has assumed the leadership of the highest-level international consultative body related to payments and settlements under the Bank for International Settlements (BIS). It is not merely a consultative body, but a committee that sets international standards, a position previously held exclusively by the central banks of the United States and the European Union. Bank of Korea Governor Shin Hyun-song. (Photo = Y…
Head of the international payment standards-setting body… 3-year term
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