Draghi and Carstens step up at BIS as King retires


The Bank for International Settlements (BIS) has appointed Mario Draghi and Agustín Carstens to fill three chairmanships due to be vacated by governor of the Bank of England, Mervyn King, when he retires at the end of this month.

Carstens, governor of the Bank of Mexico, will take over as chairman of the Economic Consultative Committee (ECC) and the Global Economy Meeting (GEM), after consultations with members of the GEM.

Draghi, president of the European Central Bank (ECB), will be the new

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