YV Reddy appointed chairman of the BIS Asian Consultative Council
The board of directors of the Bank for International Settlements (BIS) has announced the appointment of Dr Y.V. Reddy, Reserve Bank of India Governor, as chairman of the BIS Asian Consultative Council (ACC). He has been appointed for a term of two years from March 2007 and succeeds Zhou Xiaochuan, Governor of the People's Bank of China, as Chairman of ACC. The ACC comprises the Governors of the BIS member central banks in the Asia-Pacific region. The BIS member central banks represented in the ACC are those of Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand.
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