BIS Board Chair re-elected and new Chair of BIS Consultative Council of the Americas appointed
François Villeroy de Galhau, Governor of the Bank of France, re-
elected as Chair of the BIS Board of Directors for a second three-year
term Tiff Macklem, Governor of the Bank of Canada, announced as
incoming Chair of the Consultative Council for the Americas for a two-
year term Both to take effect in January 2025
The Board of
Directors of the Bank for International Settlements (BIS) has re-
elected François Villeroy de Galhau, Governor of the Bank of France,
as its Chair and announced that Tiff Macklem, Governor of the Bank of
Canada, will become Chair of the BIS Consultative Council for the
Americas (CCA).
Mr Villeroy de Galhau will commence his
second three-year term on 12 January 2025. Mr Macklem's appointment is
for a term of two years starting 1 January 2025.
The BIS
Board of Directors is responsible for determining the strategic and
policy direction of the BIS, supervising its Management and fulfilling
the specific tasks given to it by the Bank's Statutes.
The
CCA was established in May 2008 as an advisory committee to the BIS
Board. It comprises the Governors of the BIS member central banks in
the Americas: Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru
and the United States.
The BIS Representative Office for the
Americas, located in Mexico City, provides the secretariat for the
CCA. Mr Macklem succeeds Roberto Campos Neto, Governor of the Central
Bank of Brazil, as CCA Chair. The BIS Board expressed its gratitude to
Mr Campos Neto for his leadership in furthering important cooperative
initiatives during his tenure in areas such as growth and
productivity, the conduct of monetary policy and digital payments and
innovation.