Governance
The Market Infrastructure Board (MIB) is responsible for the day-to-day operation of TIPS, as well as any future enhancements. The advisory group on payments, AMI-Pay, is consulted on issues relating to the provision and modification of the Eurosystem’s payment-related services.
TIPS Consultative Group
The MIB established the TIPS Consultative Group following the launch of the service. Its objective is to provide the MIB with input from TIPS users – commercial banks, national central banks (NCBs) and network service providers – on topics, such as functional enhancements, testing and operations.
Documents produced by the TIPS Consultative GroupThe TIPS Consultative Group ranks TIPS change requests according to their business priority.
TIPS Consultative Group Cross-Currency Business Development Task Force
The TIPS Consultative Group Cross-Currency Business Development Task Force supports the TIPS Consultative Group in its work towards implementing the cross-currency service and any potential future enhancements of the service.
The task force is composed of representatives from the Eurosystem NCBs, Sveriges Riksbank, Danmarks Nationalbank, market participants and the TIPS service provider (4CB).
Documents produced by the task forceFor more information on the implementation of the TIPS cross-currency service, please contact the Eurosystem, Sveriges Riksbank and/or Danmarks Nationalbank.
TIPS Non-euro Currencies Steering Group (TIPS NECSG)
The TIPS NECSG is responsible for coordinating the views of non-euro area NCBs that have signed a Currency Participation Agreement on the use of TIPS. The TIPS NECSG supports the Eurosystem by providing the common position of non-euro area NCBs in TIPS, as far as possible, on matters of relevance to the TIPS decision-making process.
The TIPS NECSG is composed of senior managers nominated by the respective Governors of the non-euro area NCBs. Senior ECB representatives and the TIPS service provider (4CB) also participate in the group’s discussion.