CPMI Calls for Global Input on Cross-border Payments Agenda

Authors should submit research papers by 27 January 2021. Industry expert responses to questions should be submitted by 8 February 2021.

The CPMI (Committee on Payments and Market Infrastructures) is inviting authors – whether from academia, public institutions (including central banks), special interest groups or the private sector – to submit policy-oriented, theoretical, legal and/or empirical papers on cross-border payments.

The papers should be original contributions, clearly focus on cross-border payments, and covering at least one of the following three related themes:

  • Making existing payment infrastructures and arrangements fit for cross-border purpose
  • Streamlining data exchange to improve cross-border payments
  • Exploring the international dimension of new payment infrastructures and arrangements

Papers can be submitted in PDF format at [email protected] by 27 January.

A committee will review all extended abstracts/papers in terms of their quality, policy relevance and the potential level of interest, and inform the authors by the start of February 2021 if their papers have been accepted.

The call for submissions is part of efforts to enhance cross-border payments, which the CPMI says “would make a real difference to many of the poorest and most vulnerable who disproportionately bear the cost of the frictions and shortcomings of the current systems.”

In October 2020, the G20 endorsed the FSB (Financial Stability Board)’s roadmap to enhance cross-border payments. The roadmap built on an FSB report which set out the existing challenges and frictions in cross-border payments, and a CPMI report which described the necessary elements of a response in the form of a set of 19 building blocks.

The CPMI will lead more than one half of the cross-border payments agenda contained in the roadmap. In the initial phase of this work, the CPMI will host a conference to bring together market participants, authorities and academics to share research and policy analysis in the field of cross-border payments.

The online conference, to be hosted on 18 and 19 March 2021, seeks to identify future developments and dynamics that will facilitate cross-border payment enhancements, taking into account the global perspective.

In December, the CPMI also invited the private sector to submit answers to questions on cross-border payments that are most relevant to their business, to ensure global perspectives are taken into account in the implementation of the roadmap.

The answers are also meant to frame the discussion at the conference and inform a written summary of industry perspectives, without associating it to specific firms.

Submissions should be sent to [email protected] in PDF format by 8 February 2021.

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