Lawrence M. Sweet is Senior Vice President and Senior Payments and Market Infrastructure Policy Advisor at the Federal Reserve Bank of New York.
Mr. Sweet has been a member of the Committee on Payments and Market Infrastructures (“CPMI”, formerly “CPSS”) since 1991, and he currently co-chairs the CPMI Wholesale Payments Security Task Force. He is a member of both the CPMI-IOSCO Steering Group and the CPMI-IOSCO Policy Standing Group, and he was a co-author of the CPMI-IOSCO Principles for Financial Market Infrastructures.
Mr. Sweet is a member of the Federal Reserve’s Financial Market Utility Supervision Committee, and he has been, and continues to be, a member of a number of other domestic and international committees. He was assigned to the Bank for International Settlements from 1994 through 1996, where he served as secretary to the CPSS Steering Group on Foreign Exchange Settlement Risk. He chaired that committee from 1997 to 1998, and then its successor committee, which served as the forum for central bank authorization and oversight of CLS, from 2001 to 2009. He subsequently chaired the CLS Oversight Committee from its formation in 2009 until June 2018.
Mr. Sweet studied economics at Rutgers College (BA) and Columbia University (MA and M.Phil), and has written and lectured extensively in the field of payments policy and oversight.