Himino appointed to Financial Stability Board post

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Ryozo Himino was recently appointed to serve as the Financial Stability Board’s (FSB) Standing Committee on Supervisory and Regulatory Cooperation (SRC) chairman.

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The SRC addresses pivotal financial stability issues relating to the development of supervisory and regulatory policies; assists in managing the coordination issues that arise among supervisors and regulators on issues that have cross-sector implications; establishes guidelines for and overseeing the establishment and effective functioning of supervisory colleges; and monitors best practice in meeting regulatory standards.

Himino, vice minister for International Affairs at the Japanese Financial Services Agency, will serve a two-year term that begins this month.

FSB Chair Randal K. Quarles said Himino possesses a long and distinguished career in public service and touted his vast experience in international supervisory and regulatory policy matters.

Quarles also expressed the FSB’s appreciation for Norman Chan’s effective chairmanship of the SRC and commitment to the FSB since he became a member in October 2009.

In his role with the Japanese Financial Services Agency, Himino has supervised banks, insurance companies, broker-dealers, and audit firms as well as regulated capital markets during the last two decades.

He also served as the Secretary General of the Basel Committee on Banking Supervision from 2003 to 2006.

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