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MAS chief Ravi Menon said to be shortlisted to head global financial watchdog

Stanislaus Jude Chan Published on Mon, Oct 01, 2018 / 1:21 PM GMT+8

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SINGAPORE (Oct 1): Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), is said to be in the running to head the Financial Stability Board, the watchdog for the global financial system, according to Bloomberg.

Citing people familiar with the matter, who asked not to be named because the selection process is private, the report says Menon is on the list of potential successors to replace Bank of England governor Mark Carney, who will step down on Dec 1 after serving two terms as FSB chairman.

Others on the list include Randal Quarles of the US Federal Reserve, Dutch central bank president Klaas Knot, and Bank of Italy governor Ignazio Visco.