Central Banking

NY Fed's Dudley to fill Geithner's boots at CPSS

William Dudley, the president of the New York Federal Reserve who took over from Tim Geithner earlier this year, will also replace his former boss as chairman of the Committee on Payment and Settlement Systems.

The Bank for International Settlements-based committee announced Dudley's chairmanship on Monday. He has been president of the New York Fed since 27 January.

The committee plays a key role in international efforts to reduce risks and increase efficiency in payment and settlement system