Manila, June 24 -- Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno has been named as the incoming co-chair of the Regional Consultative Group for Asia of the Financial Stability Board (FSB-RCGA), the BSP announced in a statement on Monday.
The FSB is an international institution that recommends risk and prudential standards for the financial markets.
The BSP Governor will serve a two-year term, commencing on July 1, together with Deputy Governor N.S. Vishwanathan of the Reserve Bank of India. The incoming co-chairs of the FSB-RCGA were announced during the 16th FSB-RCGA meeting held last June 14 in Kuala Lumpur, Malaysia.
Diokno's co-chairing of the FSB-RCGA comes at a time when various market reforms are at an important st...