How more global coordination can make cross-border payments faster, cheaper, and safer


August 31, 2022, 9:00 AM to 10:00 AM EDT
Virtual Event

Nicolas Véron (PIIE), Tara Rice (Committee on Payments and Market Infrastructures) and Joseph Sommer (Former Counsel, Federal Reserve Bank of New York)

Event Summary

In 2020, G20 leaders identified cross-border payments as an area in need of internationally coordinated reform to reduce costs, delays, and risks. Two years on, participants will assess the collective policy effort led by the Committee on Payments and Market Infrastructures (CPMI) at the Basel-based Bank for International Settlements.

Joining this episode of Financial Statements are:


Nicolas Véron
Senior Fellow, Peterson Institute for International Economics (PIIE)


  • Tara Rice
    Head of Secretariat, Committee on Payments and Market Infrastructures (CPMI)
  • Joseph Sommer
    Attorney, Cromley Sommer; former Counsel, Federal Reserve Bank of New York



About This Series

Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.