BIS Appoints Tara Rice as Head of Secretariat for CPMI – Finance Magnates

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The Bank for International Settlements (BIS) announced this week that it has appointed Tara Rice as Head of Secretariat for the Committee on Payments and Market Infrastructures (CPMI).

Rice’s three-year term will commence on the 1st of June 2020. She has been a member of the CPMI Secretariat since January of 2019 and was previously the Deputy Head of Secretariat.

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The BIS is a hub for central banks, financial regulators and supervisory authorities. Since joining the CPMI Secretariat, Rice has led its support of the G7 working group on global stablecoins, the company said in its statement published on Wednesday.

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As the Head of Secretariat, Rice is replacing Morten Bech, who has been appointed Head of the BIS Innovation Hub Switzerland. Rice has experience in both the financial markets and institutions domestically and internationally. She has held senior roles at the Federal Reserve and the US Department of Treasury.

“The CPMI, currently chaired by Sir Jon Cunliffe, Deputy Governor of the Bank of England, is an international standard setter that promotes, monitors and makes recommendations about the safety and efficiency of payment, clearing, settlement and related arrangements, thereby supporting financial stability and the wider economy,” the BIS said in its

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