Central Bank Governance Forum

Last update 19 November 2013

In response to growing interest in the governance of central banks and building on work carried out since the mid-1990s, the BIS established a Central Bank Governance Forum to foster the good governance of central banks as public policy institutions. The Forum operates under a Charter.

The Forum compiles, analyses and disseminates a wide variety of information on governance and organisational arrangements among central banks. Central bankers can obtain a password to the website containing information compiled by the Forum from cbgovernance@bis.org.

The Central Bank Governance Forum consists of the Central Bank Governance Group and the Central Bank Governance Network.

Central Bank Governance Group

The Group serves as a venue for the exchange of views among governors on matters relating to the design and operation of their institutions. The focus is on the institutional and organisational setting in which central banks pursue monetary and financial policies, not the policies themselves. It provides a compact discussion panel for Governors that also acts as a steering committee for the Forum. It is supported by a BIS-based secretariat.

Chair

Zeti Akhtar Aziz, Governor, Central Bank of Malaysia

Membership

The Group comprises nine Governors: Erdem Basçi (Central Bank of Turkey), Marek Belka (National Bank of Poland), Agustín Carstens Carstens (Bank of Mexico), Vítor Constâncio (ECB), Stefan Ingves (Sveriges Riksbank), Gill Marcus (South African Reserve Bank), Janet Yellen (Board of Governors of the Federal Reserve System), Zeti Akhtar Aziz (Central Bank of Malaysia) and Zhou Xiaochuan (People's Bank of China).

Frequency of meetings

The Group normally meets on the occasion of the bimonthly meetings of Governors of BIS member central banks. There are no public releases of the meeting agendas or discussions.

Reporting arrangements

With effect from January 2010, the Chair reports annually and on an as-needed basis to the All Governors' Meeting, which comprises 60 BIS member central bank Governors.

Secretariat

David Archer is Secretary to the Central Bank Governance Group and heads the Central Banking Studies unit at the BIS, which provides secretariat support to the Forum.

Recent publications

Central Bank Governance Network

The Network is an informal mechanism to facilitate the flow of information on central bank governance and organisational issues between central banks. It started operations in the autumn of 1999 and currently about 47 central banks are represented. The BIS receives numerous requests from central banks for information on the governance and organisational arrangements of other central banks. The Network improves the efficiency of information-gathering. Specialised surveys are conducted through Network members; tailor-made results can be provided quickly, and the information is retained in a central location for future use. The flow of requests provides an insight into the issues of current relevance for central banks, helping inform the Governance Group's deliberations when setting priorities for gathering and analysing information.

Electronic compendium on Central Bank Governance

Much of the central bank governance information that is available at the BIS can be accessed (by registered users) on the password-protected eBIS platform (https://www.ebis.org/). Central bank staff are very welcome to register for this facility by completing a registration form. This can be requested by sending a brief email to cbgovernance@bis.org.