The Board of Directors of the Bank for International Settlements (BIS) today announced the appointment of Choongsoo Kim as Chair of the BIS Asian Consultative Council (ACC). Dr Kim is Governor of the Bank of Korea.
Dr Kim's appointment is for a term of two years from October 2012. He succeeds Masaaki Shirakawa, Governor of the Bank of Japan, as ACC Chair. Mr Shirakawa chaired the Council from October 2010 to September 2012. The BIS Board and ACC Governors expressed their gratitude to Mr Shirakawa for his leadership during his time as Chair.
The ACC comprises the Governors of the BIS member central banks in the Asia-Pacific region. 1 It was established in 2001 to facilitate communication between these central banks and the BIS Board and Management on matters of interest to the central banking community in Asia and the Pacific. The BIS Representative Office for Asia and the Pacific in Hong Kong SAR provides the Secretariat for the ACC.