Changing hats


Nout Wellink

Netherlands Bank president Nout Wellink will succeed Jaime Caruana as chairman of the Basel Committee on Banking Supervision. The Bank for International Settlements said in late May that Wellink will take over when Caruana, also the governor of the Bank of Spain, steps down from both roles on July 1 this year. Wellink is set to spend three years in the post. Wellink will oversee Basel II's implementation in Europe in 2007, and in the US a year later.

He was chairman of the BIS board

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