The governors of the central banks of the world's top 10 industrialized nations have appointed William J. McDonough, president of the New York Federal Reserve Bank, chairman of the Basel Committee on Banking Supervision.

The committee, which operates under the auspices of the Bank for International Settlements, serves as the top international advisory forum for setting global bank regulatory standards.

Mr. McDonough succeeds Tom de Swaan, who recently joined Holland's ABN Amro as a member of its board of management.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.