European, Chinese and Mexican central banks join BIS board

The Bank for International Settlements (BIS) has expanded its director base to include elected representatives from the European Central Bank (ECB), People's Bank of China and Bank of Mexico. The move takes the number of board members to 20 and marks the first enlargement of the governing committee since 1994.

ECB governor Jean-Claude Trichet, People's Bank of China governor Zhou Xiaochuan and governor of the Bank of Mexico Guillermo Ortiz will join the current 17 members of the board - only 12