YV Reddy appointed chairman of the BIS in Asia

The Board of Directors of the Bank for International Settlements (BIS) announced Monday 12 March Yaga V Reddy as Chairman of the BIS Asian Consultative Council (ACC).

Dr Reddy is Governor of the Reserve Bank of India.

Dr Reddy's appointment is for a term of two years as from March 2007. He succeeds Zhou Xiaochuan, Governor of the People's Bank of China, as ACC Chairman. Mr Zhou chaired the Council from March 2005 to February 2007. The ACC Governors expressed their gratitude to Mr Zhou for his

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