Organisation and governance
The Markets Committee is a forum in which central bank officials discuss current market conditions, market functioning and central bank operations. Comprising senior officials from 27 central banks, it is chaired by John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York.
Markets Committee Chair
The Chairperson, appointed by the GEM for a renewable three-year term, oversees the MC’s work to ensure its mandate is fulfilled. Core responsibilities include chairing meetings, guiding the work programme, reporting to the GEM, and serving as the MC’s principal external representative.
| JHO Graaf van den Bosch Netherlands Bank | 1962 - 1966 |
| Johannes Tüngeler Deutsche Bundesbank | March 1966 |
| Charles A Coombs Federal Reserve | May 1966 |
| MP André National Bank of Belgium | September 1966 |
| MM Théron Bank of France | November 1966 |
| Hans Mandel BIS | 1967 - 1972 |
| Donald H MacDonal BIS | 1972 - 1973 |
| Johannes Tüngeler Deutsche Bundesbank | 1974 - 1976 |
| Pieter Timmerman Netherlands Bank | 1976 - 1981 |
| J L Sangster Bank of England | 1981 - 1982 |
| K Rodebäck Sveriges Riskbank | 1982 - 1985 |
| Shijuro Ogata Bank of Japan | 1985 - 1986 |
| J A Sillem Netherlands Bank | 1986 - 1990 |
| Fabrizio Saccomanni Bank of Italy | 1990 - 1991 |
| Thomas Franzén Sveriges Riskbank | 1991 - 1995 |
| Ian Plenderleith Bank of England | 1995 - 2001 |
| Bruno Gehrig Swiss National Bank | 2001 - 2003 |
| Sheryl Kennedy Bank of Canada | 2003 - 2006 |
| Hiroshi Nakaso Bank of Japan | 2006 - 2013 |
| Guy Debelle Reserve Bank of Australia | 2013 - 2017 |
| Jaqueline Loh Monetary Authority of Singapore | 2017 - 2023 |
Markets Committee Secretariat
Staffed by the BIS, the MC Secretariat supports the Committee, Chairperson, and working groups by coordinating Committee meetings and workshops, ensuring efficient information flow, maintaining records, and managing correspondence. It also facilitates collaboration with external institutions and oversees the administration of MC-related resources. The Head of Secretariat directs its work and assists the Chairperson.
| Richard T P Hall | 1973 - 1992 |
| Marten de Boer | 1992 - 1995 |
| Svein Andresen | 1995 - 1998 |
| Claudio Borio | 1998 - 2000 |
| Gabriel Sensenbrenner | 2000 - 2001 |
| Ingo Fender | 2001 - 2004 |
| Chris Aylmer | 2004 - 2005 |
| Bruno Tissot | 2006 |
| François-Louis Michaud | 2006 - 2009 |
| Corrinne Ho | 2009 - 2013 |
| Morten Bech | 2013 - 2016 |
| Andreas Schrimpf | 2016 - 2020 |
| Matthias Drehmann | 2020 - 2025 |
Membership, meetings and reporting arrangements
The Committee comprises senior officials with expertise in central bank operations and their interactions with financial markets. Member institutions are:
| Reserve Bank of Australia | Central Bank of Malaysia |
| National Bank of Belgium | Bank of Mexico |
| Central Bank of Brazil | Netherlands Bank |
| Bank of Canada | The Central Bank of the Russian Federation |
| People's Bank of China | Monetary Authority of Singapore |
| European Central Bank | South African Reserve Bank |
| Bank of France | Bank of Spain |
| Deutsche Bundesbank | Sveriges Riksbank |
| Hong Kong Monetary Authority | Swiss National Bank |
| Reserve Bank of India | Central Bank of the Republic of Türkiye |
| Bank of Indonesia | Bank of England |
| Bank of Italy | Board of Governors of the Federal Reserve System |
| Bank of Japan | Federal Reserve Bank of New York |
| Bank of Korea |
* The access of the Central Bank of the Russian Federation to all BIS services, meetings and other BIS activities has been suspended.
The Committee 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.
The Chair reports to the Global Economy Meeting, which comprises a group of 31 BIS member central bank Governors.
