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The Joint Year 2000 Council today announced the appointment of Federal Reserve Board Governor Roger W. Ferguson, Jr., as Chairman of the Council effective immediately.
The Council is comprised of senior representatives of the Basle Committee on Banking Supervision, the Committee on Payment and Settlement Systems, the International Association of Insurance Supervisors, and the International Organization of Securities Commissions. The Council was formed in April of this year to address issues associated with the Year 2000 computer challenge within the global financial supervisory community. The announcement of Governor Ferguson's appointment by the Secretariat for the Joint Year 2000 Council is attached. Information on the Council's activities is available on the Bank for International Settlements web site at http://www.bis.org.
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