CGFS - Organisation and governance

The CGFS reports to the Global Economy Meeting (GEM). As the CGFS's oversight body, the GEM, with support from the Economic Consultative Committee, appoints the Chair, receives the Committee's reports and decides on publication, and provides guidance on work priorities. 

Regular meetings of the CGFS are held on the occasion of four of the bimonthly meetings of Governors of BIS member central banks.

The CGFS establishes time-limited working groups to undertake work on specific topics.


Chang Yong Rhee, Governor of the Bank of Korea

Past chairs

2018-23 Philip Lowe, Governor, Reserve Bank of Australia
2012-18 William C Dudley, President, Federal Reserve Bank of New York
2010-11 Mark Carney, Governor, Bank of Canada
2006-10 Donald L Kohn, Vice Chairman, Board of Governors of the Federal Reserve System
2003-06 Roger W Ferguson, Jr, Vice Chairman, Board of Governors of the Federal Reserve System
1998-2002 Yutaka Yamaguchi, Deputy Governor, Bank of Japan
1997-98 Toshihiko Fukui, Deputy Governor, Bank of Japan
1994-96 Andrew Crockett, General Manager, BIS
1980-93 Alexandre Lamfalussy, General Manager, BIS
1971-79 René Larre, General Manager, BIS


The Secretariat is headed by Nikola Tarashev and has three economists plus administrative support.