BIS's Caruana wins term extension as Cecchetti prepares to quit Basel

Jaime Caruana

The board of directors of the Bank for International Settlements (BIS) yesterday handed general manager Jaime Caruana a three-year extension to his term in office – but Stephen Cecchetti, the head of the BIS's monetary and economic department, will leave the Basel-based body when his replacement is found later this year.

Caruana's current term at the head of the BIS ends in March 2014, but the decision taken yesterday by the board, headed by Banque de France governor Christian Noyer, will see Ca

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: