The Bank for International Settlements (BIS) has promoted Tara Rice as head of secretariat for the committee on payments and market infrastructures (CPMI), the global standard setter for payment, clearing and settlement services.
Rice, who has been a member of the CPMI Secretariat since January 2019, will start her term in June for a period of three years.
Previously, Rice served as deputy head of secretariat and led its support of the G7 working group on global stablecoins and has represented the committee in international working groups.
BIS said that Rice has extensive experience in financial markets and institutions both domestically and internationally and has worked in senior positions including at the Federal Reserve and the US Department of the Treasury.
She replaces Morten Bech, who has been appointed head of the BIS innovation hub Switzerland. Bech’s three-year term will start on 1 June.
The CPMI, currently chaired by Sir Jon Cunliffe, deputy governor of the Bank of England, is an international standard setter that promotes, monitors and makes recommendations about the safety and efficiency of payment, clearing, settlement and related arrangements, and supports financial stability and the wider economy.
