CPMI Publications

The CPMI publishes analytical reports that explore various issues related to payment, clearing and settlement systems.

Displaying 1-10 of 279
Publication CPMI Papers 14 Oct 2026
FMIs’ management of general business risks and general business losses: further guidance to the PFMI – final report
This report sets out guidance for financial market infrastructures (FMIs) and relevant authorities on certain principles and key considerations relating to (FMIs) management of general business risks and general business losses, including in the context…
Publication 08 Sep 2026
Cyber resilience toolkit: practical considerations for FMIs – consultative report
Publication 08 Sep 2026
FMIs’ reliance on third-party service providers: challenges and risks – discussion paper
Publication CPMI Briefs No 13 27 May 2026
Enhancing cross-border payments step by step: insights from the 2025 monitoring survey
The G20 Roadmap for enhancing cross-border payments aims to make cross-border payments cheaper, faster, more inclusive and more transparent.
Authors: Thomas Lammer, Fanni Leppanen and Federico Semorile
Publication CPMI Papers 06 May 2026
CPMI-IOSCO consultation on updated guidance and public disclosures to implement initial margin proposals
Consultative report by the BIS Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).
Publication CPMI Briefs No 12 27 Apr 2026
Tap a card, pay by phone, but cash still holds its own
This CPMI Brief highlights key retail payment trends as observed in the 2024 Red Book statistics.
Authors: Chakree Aksonthung, Anneke Kosse and Ismail Mustafi
Publication CPMI Briefs No 11 21 Apr 2026
The future of financial messaging: navigating the ISO 20022 migration journey
In the early 2000s financial institutions' back offices faced rising costs and the complexity of managing multiple messaging standards...
Authors: Héctor Cornejo, Steffen Fährmann, Takehisa Kanaguchi, Thomas Lammer, Mokitimi Mulaudzi, Christine G Orina and Federico Semorile
Publication CPMI Papers No 231 16 Apr 2026
Implementation monitoring of PFMI: Level 2 assessment report for UK payment systems and central securities depositories/securities settlement systems
This report presents the conclusions from a Level 2 assessment of whether the legal, regulatory and oversight frameworks for FMIs in the United Kingdom for systemically important payment systems and CSDs/SSSs complete and consistent with the Principles.
Publication CPMI Papers 26 Feb 2026
Harmonised ISO 20022 data requirements for enhancing cross-border payments - updated report
The CPMI's harmonised ISO 20022 data requirements for cross-border payments (harmonisation requirements) are a key milestone under the G20 roadmap for enhancing cross-border payments.
Publication CPMI Briefs No 10 18 Dec 2025
Moving on up: results of the 2024 cross-border payments monitoring survey
Advancements in payment system interoperability and extensions vary across different systems and regions. Operating hour results have largely remained consistent year on year, but interest in 24/7 operations is noticeably increasing. The Asia-Pacific…
Authors: Emilie Fitzgerald, Anamaria Illes, Thomas Lammer, Fanni Leppanen and Federico Semorile

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