BOT chief Veerathai named chairman of BIS Asian council
The board of directors of the Bank for International Settlements (BIS) has appointed Bank of Thailand governor Veerathai Santiprabhob as chairman of the BIS Asian Consultative Council (ACC) from September 26.
The term of the ACC appointment is two years.
The ACC is a vehicle for communication between BIS shareholding central banks in the Asia-Pacific region and the BIS on matters of interest and concern to regional central banks. It also provides guidance for the research and banking activities of the BIS’s Asian office, which serves as the secretariat for the ACC.
Veerathai succeeds Graeme Wheeler, governor of the Reserve Bank of New Zealand, who has chaired the council since April 2016. Mr Wheeler will leave the Reserve Bank in September. The BIS board and ACC governors have expressed their gratitude to Wheeler for his leadership during his time as chairman.
The ACC is made up of the governors of the BIS member central banks in the Asia-Pacific region: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand.
