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MAS official to chair Bank of International Settlements markets committee
A GROUP of central bank governors has named a Monetary Authority of Singapore (MAS) official as the next chair of the markets committee of the Switzerland-based Bank for International Settlements (BIS), the bank said in a press release on Tuesday evening.
Jacqueline Loh, deputy managing director at MAS, was tapped for a three-year term starting January 2017. She will succeed Guy Debelle, deputy governor of the Reserve Bank of Australia, who has chaired the committee since June 2013, BIS said.
Noting that Ms Loh oversaw monetary policy, markets and investments at MAS, the bank said that its markets committee was 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, who joined MAS in 1987, was appointed to the chair role at a Governors of the Global Economy Meeting in Basel over the past weekend, BIS said. Members of that group included central banks from the United States, the United Kingdom, China, India, Australia, Malaysia and Hong Kong, and the European Central Bank.