Benoît Cœuré is new CPSS chairman 10 September 2013Basel Reporter: Jenna Jones
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The central bank of governors of the global economy meeting has appointed Benoît Cœuré as chairman of the Committee of Payment and Settlement Systems (CPSS).
The CPSS is a central bank forum that contributes to strengthening financial markets by promoting efficient payment, clearing and settlement systems.
The appointment is for a term of three years and he succeeds Paul Tucker, deputy governor of financial stability at the Bank of England, who has been CPSS chairman since April 2012.
Cœuré has been a member of the European Central Bank's (ECB) 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.
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