The Bank for International Settlements (BIS) announced the appointment of Bank of Korea Governor Hyun Song Shin as chair of its Committee on Payments and Market Infrastructures (CPMI), alongside leadership changes for its Consultative Council for the Americas (CCA). Shin began a renewable term of three years on 1 November 2026, succeeding Bank of Italy Governor Fabio Panetta. The central bank governors of the Global Economy Meeting made the appointment. The CPMI develops international standards and guidance for payment, clearing and settlement systems.
The BIS Board of Directors extended Bank of Canada Governor Tiff Macklem’s term as CCA chair until 31 March 2027. Central Bank of Argentina Governor Santiago Bausili will succeed him on 1 April 2027 for a term of two years. The CCA advises the BIS Board and comprises the governors of the eight BIS member central banks in the Americas.