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William Coen, secretary general, Basel Committee
Wayne Byres, chairman, Australian Prudential Regulation Authority
The Basel Committee on Banking Supervision reports that William Coen will be its next secretary general, for an initial term of three years. Coen also will serve as chairman of the committee’s policy development group.
Coen has almost 30 years of banking and regulatory experience, including 15 years with the Bank for International Settlements and, for the past seven years, as the Basel Committee’s deputy secretary general, according to a committee statement.
Previously, he held various positions with the board of governors of the Federal Reserve, according to the statement.
He will assume his new responsibilities in mid-June, as Wayne Byres, the secretary general since 2012, exits his post to become chairman of the Australian Prudential Regulation Authority.
“Bill has been integral to the development of the Basel Committee’s post-crisis regulatory reform agenda,” Stefan Ingves, chairman of the Basel Committee and governor of Sveriges Riksbank, said in the statement, in which Ingves also singled out Byres for being “instrumental in steering a number of important elements of the Committee’s reform package to completion, and in the successful introduction of our Regulatory Consistency Assessment Program.”
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