The Advisory Group on Market Infrastructures for Payments (AMI-Pay) is a forum for the exchange of views on developments in payments. The group assists the Eurosystem in fostering payment innovation and integration across Europe, and offers advice on the provision and modification of Eurosystem payment-related services. It is composed of representatives of banks active in the European Union and of national central banks.
To liaise between the AMI-Pay on a European level and the Belgian payments market, the AMI-Pay Belgian National Stakeholder Group (AMI-Pay BENSG) was established by the National Bank of Belgium.
The Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo) facilitates an active dialogue with market participants on issues related to the clearing and settlement of securities and to collateral management. It took over the responsibilities of the T2S Advisory Group and the Contact Group on Euro Securities Infrastructures (COGESI). AMI-SeCo brings together representatives of banks active in the European Union in their role as T2S users, central securities depositories (CSDs), central counterparties (CCPs) and national central banks.
In order to involve the Belgian market in the work of the AMI-SeCo, the National Bank of Belgium created the AMI-SeCo Belgian National Stakeholder Group (AMI-SeCo BENSG).
Eurosystem Advisory Groups on Market Infrastructures
Two advisory groups on market infrastructures were set up to advise the Eurosystem on issues related to payments (AMI-Pay) and securities and collateral (AMI-SeCo). Both groups are composed of market participants and are chaired by the ECB. National Stakeholder Groups (NSGs) establish the formal link between these advisory groups and the respective local markets.