Jaime Caruana is the General Manager of the Bank for International Settlements. Previously, Mr Caruana was Financial Counsellor to the Managing Director and Director of the Monetary and Capital Markets Department of the International Monetary Fund. From 2000 to 2006, Mr. Caruana was the Governor of the Bank of Spain, Spain's central bank, and in that capacity, served on the Governing Council of the European Central Bank. He was also the Chairman of the Basel Committee on Banking Supervision from 2003 to 2006 and has been a member of the Financial Stability Forum (now the Financial Stability Board) since 2003.

Benoît Cœuré is a member of the Executive Board of the European Central Bank and the Chairman of the Bank for International Settlements’ Committee on Payments and Market Infrastructures. Prior to joining the ECB, he served in various policy positions at the French Treasury. He was the CEO of the French debt management office, Agence France Trésor, then France’s Assistant Secretary for Multilateral Affairs, Trade and Development, co-president of the Paris Club and G8 and G20 finance sous-sherpa for France, and finally Deputy-Director General and Chief Economist of the French Treasury.

Nemat (Minouche) Shafik is Deputy Governor for Markets and Banking at the Bank of England, where she has responsibility for the Bank’s balance sheet and its interaction with financial markets. She is a member of the Monetary Policy Committee, sits on the Prudential Regulation Board, and attends the Financial Policy Committee. Prior to joining the Bank, she was Deputy Managing Director of the International Monetary Fund from 2011–14 where she was responsible for policy and programmes in Europe and the Middle East. Prior to that she was Permanent Secretary of the UK’s Department for International Development.

Rodrigo Vergara has been Governor of the Central Bank of Chile since December 2011 (serving a 4 year term) and has served as a member of the Board since 2009. Before his appointment to the Bank’s Board, Mr. Vergara was full professor at the Economics Department of Universidad Católica and an economic advisor to the central banks and governments of several countries in Latin America, Eastern Europe, Asia and Africa. He has also been an external consultant for the World Bank, the International Monetary Fund, the Inter-American Development Bank and the United Nations. Mr. Vergara holds a PhD from Harvard University (1991).