Weida "Gemini Perspective"
In China or the English-speaking world, many times we will encounter some abbreviations of English letters, for example: in big cities in China, we often see - CBD, BYD and other abbreviations, do you know what these two abbreviations represent?
CBD --- means "Central Business District" and is derived from the first letter of the three English words "Central Business District"; whereas
BYD --- is the pinyin initials of the familiar car brand "BYD".
These abbreviations can help us simplify daily SMS communication, especially in some industries, when abbreviations have become some conventional abbreviations, which will greatly improve the efficiency of SMS communication!
But have you ever considered that abbreviations can also help us learn to memorize words in English? Therefore, when we find words/phrases/phrases difficult to remember, we can try to sort out a set of abbreviation rules that are easy for us to remember, which will improve our efficiency in memorizing words.
This English Scrabble is equivalent to our Chinese crossword puzzle, through which we can not only increase the amount of words, but also deepen our understanding of the structure of English spelling, so as to improve our ability to spell words accurately.
Did you spell out yesterday's Scrabble? I'll explain it to you today.
The answer is:
C --- Co m m i t t e e = (n.) 委员会。
P --- Pa y m e n t s = (n.) 支付。
M --- Ma r k e t = (n.) 市场、集市、行情。
I --- In f r a s t r u c t u r e s = (n.) 基建、基础设施、基础建设。
The whole phrase means:
CPMI --- Committee on Payments and Market Infrastructures = 支付与市场基础设施委员会
学习点 Learning Points：
Background of CPMI --- The Committee on Payments and Market Infrastructures (CPMI) is an international professional body initiated by the central banks and monetary authorities of 24 economies to strengthen the regulation, policy and practice of payment, clearing and settlement arrangements around the world.
Membership of the CPMI --- The members of the CPMI are senior staff of central banks and monetary authorities from 24 economies, including the Reserve Bank of Australia, the National Bank of Belgium, the Central Bank of Brazil, the Bank of Canada, People's Bank of China, the European Central Bank, the Bank of France, the Deutsche Central Bank, the Hong Kong Monetary Authority, the Reserve Bank of India, the Bank of Italy, the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Bank of Amros, the Monetary Authority of Singapore, the Bank of Sweden, the Swiss National Bank, Central Bank of the Russian Federation, Monetary Authority of Saudi Arabia, South African Reserve Bank, Central Bank of the Republic of Turkey, Bank of England, Federal Reserve Bank of the United States.
CPMI's New Agenda --- CPMI supports financial stability and economic development by improving the security and effectiveness of payments, clearing, settlement, and related arrangements. CPMI monitors and analyses the development of these arrangements within and across jurisdictions. It is also a forum for central banks to cooperate in supervisory supervision, policy, and operational matters, including the provision of central bank services. CPMI is a global standard-setter in this area, aiming to strengthen the regulation of relevant arrangements around the world, and strengthen policies and practices. CPMI implements its mandated responsibilities through the following activities:
1. Monitor and analyse developments to identify risks related to the security and effectiveness of the many arrangements within its mandate, as well as risks to the global financial system.
2. To share experiences related to the various arrangements, supervisory responsibilities and provision of central banking services within its mandate in order to enhance consensus; Formulating policy recommendations or public policy of central banks.
3. Establish and contribute to the development of global standards and recommendations for the supervision, management and practice within its mandate, including providing guidance on the interpretation and implementation of standards and recommendations.
4. To ensure timely, consistent and effective implementation, monitor the implementation of CPMI standards and recommendations.
5. Support cooperative oversight and cross-border information sharing, including emergency telecommunications and emergency response plans for cross-border crisis management.
6. Liaise with central banks that are not CPMI members in order to share experiences and perspectives, and to promote the implementation of CPMI standards and recommendations, either directly or through appropriate support to regional organizations, in jurisdictions outside of CPMI members.
7. Cooperate with other financial sector standard-setters, central banks and international financial institutions.
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