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BIS appoints South Korea's Hyun Song Shin as chair of global payments committee
Bank of Korea Governor Hyun Song Shin has been appointed chair of the Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI). His three‑year term began on November 1, succeeding Bank of Italy Governor Fabio Panetta. Shin is the first central‑bank governor from outside the United States or Europe to lead the committee. The CPMI develops international payment and settlement standards as central banks explore digital currencies and tokenized assets.