Deputy Governor appointed chair of Asian central banking group

Release date
28 July 2014

Reserve Bank Deputy Governor Grant Spencer has been appointed chair of an international central bank group: the EMEAP Working Group on Financial Markets.

EMEAP (Executives' Meeting of East Asia-Pacific Central Banks) is an organisation of central banks and monetary authorities from Australia, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, and Thailand.

Reserve Bank Governor Graeme Wheeler said: "The appointment reflects the high regard that peers at other central banks around the region have for Grant."

EMEAP's Working Group on Financial Markets reviews central bank policies and developments in foreign exchange, money, and bond markets in the region. The Working Group played a key role in establishment of the EMEAP's Asian Bond Fund. The Working Group also works with the major country central banks and the Bank for International Settlements (BIS) in a forum on foreign exchange markets.

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