Fabio Panetta has been appointed as the new chair of the BIS Committee on Payments and Market Infrastructures (CPMI), the standard setting body for payment, clearing and settlement and market infrastructure services.
He has been appointed for three years and will replace outgoing chair Sir John Cunliffe, the Bank of England’s deputy governor, who has served since January 2020.
Panetta is incoming governor of the Bank of Italy and a member of the European Central Bank’s Executive Committee. He will chair the CPMI at the Bank for International Settlements (BIS) in parallel with these roles, beginning on 1 November.
Central bank governors have also appointed Eddie Yue, the Hong Kong Monetary Authority’s chief executive, as chair of the meeting of governors of the major emerging market economies’ (EMEs).
He will stand for three years and has replaced BIS deputy general manager Luiz Awazu Pereira da Silva, who is retiring. Yue began his three-year term on 1 September.
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