Islamic liquidity facility names Zeti chair


Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, was on Wednesday named the inaugural chair of the governing board of the International Islamic Liquidity Management Corporation (IILM), set up to make the market for Islamic finance products more liquid.

Yves Mersch, the governor of the Central Bank of Luxembourg, was named deputy chairperson. Both will hold the offices, rotated among the IILM's shareholders, for a year.

The governing board comprises the heads of the central banks

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