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Central Bank Online Communication group (CBOC)


To foster collaboration, communication, and the exchange of information and knowledge among its members in the creation and use of automated content by central banks.


While reserving the right to adapt to changing technological trends, the Group recognizes XML in its many forms as the principal representational scheme for automated content, and will endeavor to create common XML representations. In particular, the Group aims

  • To achieve common representations of information that central banks provide;
  • To agree on a common vocabulary for describing such information;
  • To develop working prototypes to test the feasibility of such representations under different business cases, sharing each other’s work and expertise in the development of such prototypes;
  • To present common responses to any bodies providing tools for its work.


A central bank or central banking institution can enter into membership or withdraw from membership at any time for any cause. There is no price for entry nor penalty for withdrawal. Entry is accomplished by editing this page to add an institution; withdrawal is accomplished by editing this page to delete an institution.

  • Bank of Canada / Banque du Canada
  • Banco de México
  • Federal Reserve (United States)
    • Federal Reserve Board of Governors
    • Federal Reserve Bank of New York
  • Centro de Estudios Monetarios Latinoamericanos (CEMLA)
  • Swiss National Bank
  • Deutsche Bundesbank
  • European Central Bank
  • Bank for International Settlements
  • Central Bank of Nigeria
  • Bangko Sentral ng Pilipinas
  • Monetary Authority of Singapore
  • Reserve Bank of India
  • Reserve Bank of Australia
  • Reserve Bank of New Zealand



A chairperson will be elected for a term of one year on a rotational basis, with re-election permitted. The responsibilities of the chair may be shared by two people from the same institution. In that case, each will be a co-chairperson. In the event that a sole chairperson resigns that position, the Secretary(ies) will assume the chairpersonship. In the event that a co-chairperson resigns that position, the remaining co-chairperson will become the sole chairperson.

The chair(s) will:

  • Present and pursue Group responses and requests
  • Monitor the progress of Group projects and events that could slow or stop their progress
  • Propose agenda for Group meetings


A secretary of a different institution from the chairperson(s) will be elected for a term of one year on a rotational basis, with re-election permitted. The responsibilities of the secretary may be shared by two people from the same institution. In that case, each will be a co-secretary. In the event that a sole secretary resigns that position, the Chairperson(s) will poll the Group for nominations and then conduct an election through the collaborative site, setting dates for the close of nominations and voting. In the event that a co-secretary resigns that position, the remaining co-secretary will become the sole secretary.

The secretary(ies) will:

  • Organize Group meetings, coordinating logistics and agenda
  • Keep records of Group meetings
  • Assist the chairperson in communicating with Group members
  • Ensure that all documents and relevant communications produced by the Group are stored in the collaboration tool established for that purpose.

Operating Procedures


Meetings will be held as required, but at least once a year. The host institution is responsible for all local scheduling, logistics, and management of the meetings. The chairperson and secretary will develop meeting agendas, subject to the Group’s approval. Potential agenda items will be posted onto the collaboration site. An agenda is considered final 10 working days prior to a meeting. The Group may allow time for presentations and participation by non-members.

Proposed change: omission of the sentence, "An agenda is considered final 10 working days prior to a meeting."

Decision making


All decisions that set direction for the Group are made by consensus. Consensus is an understanding by all representatives, arrived at through discussion and compromise. Although a consensus may not be each representative's preferred result, all representatives must be able to accept and support it. Agreements reached by representatives of member institutions will be considered definitive, although the Group recognizes that such agreements may be withdrawn upon institutional review.

Each member institution may present its own positions to any organization without regard to the Group’s common positions and responses.

Changes to Artifacts

The Group produces normative artifacts, notably specifications. Once normative artifacts have been accepted by the Group, substantive changes may be made only upon majority vote of those Group members who have implemented those norms in production.

Responsibilities of Members

Each representative has a responsibility to participate actively in discussions and decision-making.

Each representative shares responsibility for the effectiveness of the Group's collaborative problem-solving and decision-making processes.

All member institutions, regardless of whether their representatives are present at meetings, are expected to support Group decisions and assist in their implementation to the extent that the decisions are definitive.

Communication Mechanisms

The Group has agreed to use this collaboration site ( to foster efficient communication and knowledge sharing among representatives and the public.

This site will be used to track major projects including action items, performance measurements, progress, and accomplishments. The site will be updated regularly with summaries provided to the Group by the chairperson.


By consensus, the Group may alter, amend, or revoke this Charter or any of its operating procedures at any time, and may adopt additional procedures as it deems necessary.