Wellink is new Basel Committee chairman


Netherlands Bank president Nout Wellink will succeed Jaime Caruana as chairman of the Basel Committee on Banking Supervision when Caruana, also the governor of the Bank of Spain, departs both roles on July 1.

Holding off

Wellink is set to spend three years in the post. While Caruana's term as chairman included the completion of the Basel II capital-adequacy framework, he advised his successor in a recent interview published in the May edition of Asia Risk sister magazine Risk (Another Basel

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