CPMI work programme and strategic priorities for 2025-27

The work programme1 of the Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) outlines the strategic priorities for its policy, standard-setting, implementation-monitoring and analytical activities. The programme is developed under the direction of the Committee Chair and endorsed by the Economic Consultative Committee.

The topics in the CPMI work programme will continue to be organised around the three themes:

The CPMI also conducts research and analysis on an ongoing basis to support the work of all key themes. This includes the annual collection and publication of the CPMI statistics on payments and FMIs ("Red Book" statistics) and the yearly BIS survey on digital innovation in payments.

A number of items in the CPMI work programme involve joint efforts or close coordination with the International Organization of Securities Commissions (IOSCO), the Financial Stability Board (FSB) and other international bodies.

About the Committee's work

The CPMI carries out its mandate by: 

  • identifying risks for the safety and efficiency of payment, clearing and settlement systems and resulting risks for the global financial system; 
  • sharing experiences related to payment, clearing and settlement systems, the performance of oversight functions and the provision of central bank services in order to promote common understanding, and developing policy advice or common policies for central banks;
  • establishing and promoting global standards and recommendations for the regulation, oversight and practices of payment, clearing and settlement systems;
  • monitoring the implementation of CPMI standards; 
  • supporting cooperative oversight and cross-border information-sharing, including crisis communication and contingency planning for cross-border crisis management;
  • maintaining relationships with non-CPMI central banks to share experiences and promote the implementation of CPMI standards and recommendations beyond member jurisdictions; and
  • cooperating with other financial sector standard setters, central bank bodies and international financial institutions.

1   The CPMI work programme will have a two-year cycle starting with the 2025-27 programme. With this approach, a CPMI work programme covers a 24-month period from April in Year X to March in Year X+2.