The Financial Stability Board (FSB) has appointed Alexandre Tombini, Governor of Banco Central do Brasil, as Chair of the FSB’s Standing Committee on Budget and Resources (SCBR), for a term starting on 1 February 2016 and ending on 30 April 2018.
The SCBR is responsible for the assessment of the resource needs of the FSB Secretariat and for the FSB’s medium-term budget and resource framework. Mr. Tombini replaces Jens Weidmann, President of the Deutsche Bundesbank, who has served as Chair of the Committee since October 2012.
Mark Carney, FSB Chair, welcomed Alexandre Tombini’s appointment as SCBR Chair, noting his long and distinguished career in public service. He also expressed the FSB’s appreciation for Jens Weidmann’s effective chairmanship of the SCBR and before that, of the work on FSB governance that led to its establishment as a legal entity in 2013.
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