The Committee on the Global Financial System is a central bank forum for the monitoring and examination of broad issues relating to financial markets and systems. It helps to elaborate appropriate policy recommendations to support the central banks in the fulfilment of their responsibilities for monetary and financial stability. In carrying out this task, the Committee places particular emphasis on assisting central bank Governors in recognising, analysing and responding to threats to the stability of financial markets and the global financial system.
Membership
Members are deputy governors, other senior officials of central banks, and the Economic Adviser of the BIS. Member institutions are:
| Institutions |
| Reserve Bank of Australia |
| National Bank of Belgium |
| Central Bank of Brazil |
| Bank of Canada |
| People's Bank of China |
| European Central Bank |
| Bank of France |
| Deutsche Bundesbank |
| Hong Kong Monetary Authority |
| Reserve Bank of India |
| Bank of Italy |
| Bank of Japan |
| Bank of Korea |
| Central Bank of Luxembourg |
| Bank of Mexico |
| Netherlands Bank |
| Monetary Authority of Singapore |
| Bank of Spain |
| Sveriges Riksbank |
| Swiss National Bank |
| Bank of England |
| Board of Governors of the Federal Reserve System |
| Federal Reserve Bank of New York |
Chair
William C Dudley, President, Federal Reserve Bank of New York
Secretariat
Ingo Fender, Head of CGFS Secretariat, supported by a staff of six.
Frequency of meetings
Regular Committee meetings are held on the occasion of four of the bimonthly meetings of Governors of BIS member central banks.
Reporting arrangements
As of January 2010, the Chairman of the CGFS reports to the Global Economy Meeting, which comprises a group of 31 central bank Governors as members, on the CGFS's monitoring discussions and on other Committee initiatives.
Recent publications
List of all CGFS Papers
Further information
