Arizona Tribune - Bank of Korea Governor Shin Hyun-song Appointed First Asian Chair of BIS Payment Committee

Bank of Korea Governor Shin Hyun-song Appointed First Asian Chair of BIS Payment Committee
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Bank of Korea Governor Shin Hyun-song Appointed First Asian Chair of BIS Payment Committee

ECONOMY 10.11.2026

Shin Hyun-song, governor of the Bank of Korea, has been appointed as the new chair of a key international payment standards committee under the Bank for International Settlements. The appointment marks a historic milestone, making Shin the first individual from outside the United States and Europe to lead the body.

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Shin Hyun-song, governor of the Bank of Korea, has been appointed as the new chair of a key international payment standards committee under the Bank for International Settlements (BIS), becoming the first person from outside the United States and Europe to lead the body. The central bank announced the appointment on Tuesday.

Shin will head the Committee on Payment and Market Infrastructures (CPMI), an organization responsible for developing international standards designed to ensure the safety and efficiency of payment systems and financial market infrastructure. His three-year term officially began on November 1.

A Bank of Korea official highlighted the significance of the role during a press briefing, noting that the CPMI sets standards that underpin financial regulations in major economies globally. The appointment reflects Shin's international standing and the BOK's growing expertise in payment innovation, particularly in areas such as digitalization and tokenization.

The central bank stated that it expects Shin's leadership to raise the international profile of its initiatives aimed at modernizing payment systems. Previous chairs of the committee include Bank of Italy Governor Fabio Panetta and former Bank of England Deputy Governors Jon Cunliffe and Paul Tucker.

W.Moreno--AT

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