Williams to Head Markets Committee as BIS Appoints New Chairs
Posted by Colin Lambert. Last updated: July 5, 2022
The Bank for International Settlements (BIS) has made three appointments to lead key central bank committee, including its Markets Committee.
John Williams, president and CEO of the Federal Reserve Bank of New York has been named to head the Markets Committee from January 2023, taking over from Jacqueline Loh, deputy managing director of the Monetary Authority of Singapore (MAS), whose three-year term ends then.
The Markets Committee is a forum where senior central bank officials jointly monitor developments in financial markets and assess their implications for market functioning and central bank operations.
Elsewhere, the BIS has extended the term of Sir Jon Cunliffe as chair of the Committee on Payments and Market Infrastructures (CPMI) until his tenure at the Bank of England, where he is deputy governor, ends in October 2023. The CPMI is in the midst of a major review of payments and settlement systems, including the prospective use of new technology and longer settlement windows.
Finally, Philip Lowe, governor of the Reserve Bank of Australia, has had his tenure as chair of the Committee on the Global Financial System renewed for a further two years to June 2024.