MOVES-Japan's Himino heads regulatory cooperation group

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EMEA, Asia

The Financial Stability Board, which coordinates international financial regulation, has appointed Japan’s Ryozo Himino to head its committee on supervisory and regulatory cooperation.

The FSB said the SRC’s mandate includes developing supervisory and regulatory policies to help financial stability; managing coordination on cross-sector issues; setting guidelines for supervisory colleges; and advising and monitoring best practice.

Himino has been vice-minister for international affairs at the Japanese Financial Services Agency since 2016 and been at the agency for two decades. He was secretary general of the Basel Committee on Banking Supervision from 2003 to 2006.

Himino’s two-year term started on Sunday. He replaces Norman Chan, chief executive of the Hong Kong Monetary Authority, who had been SRC chair since April 2017.