The CPMI’s work programme covers a variety of topics that require joint effort and coordination with international bodies such as the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board (FSB). The programme is divided into three floors. The ground floor focuses on the risk management of financial market infrastructures (FMIs) and includes the implementation of standards, resilience and recovery of central counterparties (CCPs), margining practices in centrally cleared markets, and cyber and operational resilience of FMIs. On the first floor, we have the G20 cross-border payments programme, which aims to enhance cross-border payments by addressing challenges such as high cost, low speed, poor transparency, and limited access. The top floor is dedicated to digital innovation and the future of payments, with a focus on tokenized financial ecosystems and the design of central bank digital currencies (CBDCs).
HomeCBDCbis_cbcd_updatesKey strategic focus areas of CPMI and its impact on enhancing cross-border...