The Basel Committee on Banking Supervision has appointed Carolyn Rogers as its next secretary general for an initial term of three years, effective 14 August this year.
As part of her new role, Rogers will serve as the chair of the committee鈥檚 policy development group.
Rogers has 20 years of executive management experience in the financial services industry and has worked in both the public and private sector.
Since mid-2016, she has been the assistant superintendent of regulation at the Office of the Superintendent of Financial Institutions (OSFI) in Canada and also OSFI鈥檚 representative on the Basel Committee.
Meanwhile, Mario Draghi, chairman of the Basel Committee鈥檚 oversight body, the group of central bank Governors and Heads of Supervision (GHOS), and European Central Bank president, expressed his appreciation of William Coen.
Coen has served as secretary general since 2014, having first joined the Committee in 1999.
Pablo Hern谩ndez de Cos, chairman of the Basel Committee and Governor of the Bank of Spain, said: 鈥淐arolyn Rogers has a strong supervisory and regulatory background and has been an active and highly respected member of the Basel Committee over the past three years.鈥�
鈥淩oger鈥檚 broad experience, in-depth understanding of the Basel Committee and leadership skills make her an ideal appointment to the position of secretary general. I look forward to working with her in the coming years.鈥�
Discussing his appreciation of Coen, Draghi added: 鈥淲illiam Cohen has done a tremendous job leading the Secretariat over the past five years, playing a pivotal role in the successful completion of the Basel Committee鈥檚 post-crisis regulatory reforms.鈥�
鈥淥n behalf of the GHOS and the Basel Committee, I would like to thank Cohen for his dedication, professionalism and commitment to the job, and I wish him the very best for the future.鈥�
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