BoE deputy governor appointed as CPSS chairman

Bank of England’s Paul Tucker replaces Federal Reserve Bank of New York president as CPSS chairman

Paul Tucker, deputy governor, financial stability, at the Bank of England (BoE), has been appointed chairman of the Committee on Payment and Settlement Systems (CPSS) – a Bank for International Settlements (BIS) committee that sets standards for payment, clearing and securities settlement systems.

The appointment was made by the central bank governors of the Global Economy Meeting in Basel, Switzerland. Tucker was appointed for a three-year term, and will retain his position at the BoE.

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