BIS CPMI takes further steps to promote ISO 20022 harmonisation for enhanced cross-border payments

BIS CPMI takes further steps to promote ISO 20022 harmonisation for enhanced cross-border payments

January 7, 2025

CPMI to take steps for medium-term governance and maintenance of its harmonised ISO 20022 data requirements for enhancing cross-border payments. A panel of global ISO 20022 market practice groups will be established in early 2025 to support the regular maintenance of the data requirements. CPMI to promote and support industry efforts to develop global ISO 20022 market practice guidelines for fast payments based on the harmonised data requirements.

This information was gathered from the Bank for International Settlements

The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1930 it is the oldest international financial institution. Its initial purpose was to oversee the settlement of World War I war reparations. Last updated from Wikipedia 2025-02-12T21:22:13Z.

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BIS CPMI takes further steps to promote ISO 20022 harmonisation for enhanced cross-border payments

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