BOK chief becomes first Asian to chair BIS committee

Bank of Korea Gov. Shin Hyun-song has been appointed the chair of a key international payment standards committee under the Bank for International Settlements, becoming the first person from outside the US and Europe to lead the body, the central bank said Tuesday. Shin will head the Committee on Payment and Market Infrastructures, which develops international standards to ensure the safety and efficiency of payment systems and financial market infrastructure. "What makes the CPMI particularly s

Source: The Korea Herald