Date:27/06/2006 URL: http://www.thehindubusinessline.com/2006/06/27/stories/2006062703100600.htm

Back BIS board expanded; 3 more elected

Our Bureau

New Delhi, June 26

The Bank for International Settlements today announced the election of three additional central bank governors as members of its board of directors. They are Mr Guillermo Ortiz, Governor of the Bank of Mexico; Mr Jean-Claude Trichet, President of the European Central Bank; and Mr Zhou Xiaochuan, Governor of the People's Bank of China. The term of office of each elected director is for an initial period of three years, which may be renewed. This enlargement of the Bank for International Settlements board is the first since 1994 and takes effect on July 1, 2006.