NY Fed Head Tapped As Central Bank Panel Chairman

Law360, New York (January 9, 2012, 6:32 PM EST) -- Federal Reserve Bank of New York President William C. Dudley has been appointed chairman of the Committee on the Global Financial System, which advises central banks on threats and improvements to global financial markets, the Bank for International Settlements announced Monday.

The chairman of the CFGS reports to the BIS's Global Economy Meeting, whose members are 31 central bank governors from across the globe. GEM members appointed Dudley during a meeting in Basel, Switzerland, over the weekend, according to the BIS.

Among other duties, the CFGS...
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