Copying and distributing are prohibited without permission of the publisher
ECB's Coeure becomes CPSS chairman
09 September 2013
He replaces BoE's Paul Tucker
Benoit Coeure will replace Paul Tucker as chairman of the Committee on Payment and Settlement Systems (CPSS).
Coeure is a member of the executive board of the European Central Bank. He will act as CPSS chairman for three years. Tucker, who is deputy governor of financial stability at the Bank of England, has acted as chairman since April 2012.
Coeure said: “I am honoured to have been appointed by the central bank governors of the Global Economy Meeting as chairman of the Committee on Payment and Settlement Systems (CPSS). Recent regulatory reforms have emphasised the crucial role that financial market infrastructures play in maintaining financial stability.
"My aim will be to serve the objective that central banks around the world have to ensure that these infrastructures remain sound and efficient. I will do so in the spirit of cooperation with other relevant public authorities and dialogue with market actors, which has been achieved by Paul Tucker and his predecessors in this position.”
Coeure 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.