The Financial Stability Board (FSB) has appointed Mark Carney as its new Chairman, succeeding Mario Draghi, and Philipp Hildebrand as Vice-Chairman. G20 Leaders at the Cannes Summit yesterday welcomed these appointments.
Mr Carney is Governor of the Bank of Canada. Mr Hildebrand is Chairman of the Governing Board of the Swiss National Bank. Their appointments are each for a three-year term, starting yesterday (4 November).
FSB members expressed their gratitude to Mario Draghi for his leadership of the FSB since its creation in 2009. Mr Draghi, the former Governor of the Bank of Italy, became President of the European Central Bank on 1 November.
