The central bank Governors of GEM appointed Ms Jacqueline Loh as Chair of the Markets Committee

BASEL, 09-Nov-2016 — /EuropaWire/ — At their meeting at the Bank for International Settlements in Basel this weekend, the central bank Governors of the Global Economy Meeting (GEM)¹ appointed Ms Jacqueline Loh, Deputy Managing Director at the Monetary Authority of Singapore (MAS), as Chair of the Markets Committee.

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.

Ms Loh’s appointment is for a term of three years starting in mid-January 2017. She succeeds Guy Debelle, Deputy Governor of the Reserve Bank of Australia, who has chaired the Committee since June 2013.

At MAS, Ms Loh oversees the central banking functions of Monetary Policy and Markets & Investments, and is also in charge of the Development & International as well as the Fintech & Innovation Groups. Since joining MAS in 1987, Ms Loh has worked in different functions, including reserves and domestic markets management, monetary policy, macro-surveillance, markets development, risk management and financial technology.

¹ The members of the GEM are from the central banks of Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Poland, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, the United Kingdom and the United States and also the ECB.

SOURCE: Bank for International Settlements