Board of directors
The Board is responsible for determining the strategic and policy direction of the BIS, supervising BIS Management, and fulfilling the specific tasks given to it by the Bank's Statutes. It meets at least six times a year.
Composition of the board
The Board may have up to 18 members, including six ex officio Directors, comprising the central bank Governors of Belgium, France, Germany, Italy, the United Kingdom and the United States. They may jointly appoint one other member of the nationality of one of their central banks. Eleven Governors of other member central banks may be elected to the Board.
The Board elects a Chair and may elect a Vice-Chair from among its members, each for a three-year term.
The BIS chair
As Chair of the Board serving a three-year term starting June 3, 2026, Mr Fabio Panetta is responsible for determining the strategic and policy direction of the BIS, supervising its Management and fulfilling the specific tasks given to it by the Bank’s Statutes. He succeeds Mr François Villeroy de Galhau, Governor of the Bank of France.
BIS Board Members
| Ayman M Al-Sayari, Riyadh | Victoria Rodríguez Ceja, Mexico |
| Andrew Bailey, London | Hyun Song Shin, Seoul |
| Gabriel Galípolo, Brasilia | Martin Schlegel, Zurich |
| Christine Lagarde, Frankfurt am Main | Erik Thedéen, Stockholm |
| Tiff Macklem, Ottawa | Kazuo Ueda, Tokyo |
| Sanjay Malhotra, Mumbai | Kevin M Warsh, Washington |
| Emmanuel Moulin, Paris | John C Williams, New York |
| Joachim Nagel, Frankfurt am Main | Pierre Wunsch, Brussels |
| Pan Gongsheng, Beijing |
The Board has adopted a Code of Conduct for members of the Board of Directors.
Advisory committees
Four advisory committees, established following Article 43 of the Bank's Statutes, assist the Board in its work. Their meetings may be held via teleconference, videoconference or written procedure:
The Administrative Committee reviews key areas of the Bank's administration, such as budget and expenditures, HR policies and IT. The Committee meets at least three times a year and it is chaired by John C Williams.
The Audit Committee meets with internal and external auditors, as well as with the Compliance unit. Among other things, it examines matters related to the Bank's internal control systems and financial reporting. The Committee meets at least four times a year and is chaired by Pierre Wunsch.
The Banking and Risk Management Committee reviews and assesses the Bank's financial objectives, the business model for BIS banking operations, and the risk management frameworks of the BIS. The Committee meets at least once a year and it is chaired by Joachim Nagel.
The Nomination Committee deals with the appointment of members of the BIS Executive Committee and meets on an ad hoc basis when necessary. It is chaired by the Board's Chair, Fabio Panetta.
Former functionaries of the BIS board of directors
| François Villeroy de Galhau | Jan 2022-Jun 2026 |
|---|---|
| Jens Weidmann | Nov 2015-Dec 2021 |
| Christian Noyer | Mar 2010-Oct 2015 |
| Guillermo Ortiz | Mar 2009-Dec 2009 |
| Jean-Pierre Roth | Mar 2006-Feb 2009 |
| Arnout H E M Wellink | Mar 2002-Feb 2006 |
| Urban Bäckström | Mar 1999-Feb 2002 |
| Alfons Verplaetse | Jul 1997-Feb 1999 |
| Willem Frederik Duisenberg | Jan 1994-Jun 1997 |
| Bengt Dennis | Jan 1991-Dec 1993 |
| Willem Frederik Duisenberg | Jan 1988-Dec 1990 |
| Jean Godeaux | Jan 1985-Dec 1987 |
| Fritz Leutwiler | Jan 1982-Dec 1984 |
| Jelle Zijlstra | Jul 1967-Dec 1981 |
| Marius W Holtrop | Jul 1958-Jun 1967 |
| Maurice Frère | Jun 1948-Jun 1958 |
| Maurice Frère | Jul 1946-Jun 1948 |
| Ernst Weber | Dec 1942-Nov 1945 |
| Otto Ernest Niemeyer | May 1937-May 1940 |
| Leonardus J A Trip | May 1935-May 1937 |
| Leon Fraser | May 1933-May 1935 |
| Gates W McGarrah | Apr 1930-May 1933 |
| Stefan Ingves | Nov 2021-Dec 2022 |
|---|---|
| Raghuram G Rajan | Nov 2015-Sep 2016 |
| Masaaki Shirakawa | Jan 2011-Mar 2013 |
| Hans Tietmeyer | Jun 2003-Dec 2010 |
| R Leigh-Pemberton | Jun 1996-Jun 2003 |
| Carlo A Ciampi | Jul 1994-May 1996 |
| Lamberto Dini | Sep 1993-May 1994 |
| Gordon Richardson | Nov 1991-Jun 1993 |
| Bernard Clappier | Aug 1989-Nov 1991 |
| Paolo Baffi | Nov 1988-Aug 1989 |
| Gordon Richardson | Nov 1985-Nov 1988 |
| Bernard Clappier | Jul 1983-Nov 1985 |
| L K O'Brien | Mar 1979-Jun 1983 |
| Henri Deroy | Nov 1970-Jan 1979 |
| Maurice Frère | Jan 1965-Aug 1970 |
| O E Niemeyer | Dec 1946-Dec 1964 |
| Hisaakira Kano | May 1939-May 1942 |
| Alexandre Galopin | May 1939-May 1942 |
| Marquis de Vogüé | May 1935-May 1939 |
| Leonardus J A Trip | May 1933-May 1935 |
| Carl Melchior | Apr 1930-Mar 1933 |
| Alberto Beneduce | Jun 1932-May 1939 |
| C Addis and Carl Melchior | Apr 1930-May 1932 |
