The appointment of the British banker will be made official in June, and the term will last three years, beginning on July 1, 2025.
“Andrew has a proven track record in fostering collaboration, having recently led major FSB reform initiatives, including those related to crypto-assets [digital assets] and non-bank financial intermediation,” stated Klaas Knot, president of the Dutch Central Bank and chairman of the FSB, whose term concludes on June 30.
The FSB coordinates international efforts among national financial authorities and international bodies, developing and promoting the implementation of regulatory, supervisory, and other financial sector policies aimed at financial stability.
To this end, it brings together national authorities responsible for financial stability in 24 countries and jurisdictions, international financial institutions, international sectoral groups of regulators and supervisors, and expert committees from central banks.
The FSB also engages with approximately 70 other jurisdictions through its six regional consultative groups.
“I look forward to serving the FSB at this important time and to the critical task of maintaining global financial stability and continuing the excellent work carried out by Klaas Knot,” said the Governor of the Bank of England.
