Cebs appoints new chair and deputy chair

The Level 3 banking committee has a reshuffle at the top

LONDON - The Committee of European Banking Supervisors (Cebs) has appointed a new chairman and deputy chairman, with Giovanni Carosio and Thomas Huertas assuming their new roles on September 1, respectively.

Former chairwoman Kerstin af Jochnick, who took the chair in January 2008, is to take up a new position as managing director of the Swedish Bankers' Association.

Carosio assumes the chair from his previous role as deputy director of the Bank of Italy since January 2007, joining with a background in both monetary policy and banking supervision.

"It's a great privilege to have Giovanni as Cebs's new chair," said af Jochnick. "His experience and perspective on banking supervision will be hugely valuable as we navigate through this period of substantial change in the regulatory architecture. Giovanni's combination of experience in the monetary analysis and supervision function is a huge asset for the committee."

Cebs also said UK Financial Services Authority banking sector director Thomas Huertas will take over as its vice-chairman, as well as assuming the chairmanship of the Cebs Review Panel. He takes the Cebs deputy seat from Andrzej Reich, from the Polish Financial Supervision Authority, who continues to sit on the Cebs bureau.