LONDON — William C. Dudley, the current president of the Federal Reserve Bank of New York, has been appointed chairman of the Committee on the Global Financial System, a central bank forum for monitoring and examining issues relating to financial markets and systems.
Mr. Dudley has been appointed for a three-year team, effective immediately, and succeeds Mark Carney, the governor of the Bank of Canada.
Before his role at the Federal Reserve Bank of New York, Mr. Dudley worked at Goldman Sachs from 1986 to 2007, and was the bank’s chief United States economist for 10 years.
His new position as chairman of the Committee on the Global Financial System, part of the Bank for International Settlements, an association of the world’s central banks, will put him at the center of reforms to global financial markets. The committee was created to identify potential sources of stress and improve stability within markets.