About the Markets Committee

Updated 22 November 2018

The Markets Committee (formerly the Committee on Gold and Foreign Exchange) was established in 1962 following the formation of the so-called Gold Pool. Subsequently, members continued to meet and exchange views on market issues in an open and informal manner. Over time, the Committee has widened its discussion of financial market developments beyond gold and foreign exchange, and cooperated more closely in assessing current events as well as longer-term structural trends that may have implications for financial market functioning and central bank operations.

To facilitate its discussions and enhance market transparency, the Markets Committee condensed the information on the monetary policy frameworks and market operations of its members into an easily accessible document: Monetary policy frameworks and central bank market operations, first published on 17 December 2007 and last updated in May 2009.

A Foreign Exchange Working Group (FXWG), operating under the auspices of the Markets Committee, was established in 2015 to strengthen code of conduct standards and principles in foreign exchange markets.

Recent publications 

17 Sep 2018

Report submitted by a Study Group established by the Markets Committee and chaired by Imène Rahmouni-Rousseau (Bank of France) and Rohan Churm (Bank of England).

12 Mar 2018

Report submitted by a Working Group established by the Committee on Payments and Market Infrastructures and the Markets Committee.

Also available in:

13 Jan 2017

Report prepared by an ad-hoc Markets Committee working group led by Rebecca Jackson, Liam Crowley-Reidy (Bank of England) and Andreas Schrimpf (Bank for International Settlements, Secretary).

15 Dec 2016
21 Jan 2016

Report submitted by a Study Group established by the Markets Committee.

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The Committee comprises senior officials with expertise in central bank operations and their interactions with financial markets. Member institutions are: Reserve Bank of Australia, National Bank of Belgium, Central Bank of Brazil, Bank of Canada, People's Bank of China, European Central Bank, Bank of France, Deutsche Bundesbank, Hong Kong Monetary Authority, Reserve Bank of India, Bank of Italy, Bank of Japan, Bank of Korea, Bank of Mexico, Netherlands Bank, Monetary Authority of Singapore, Bank of Spain, Sveriges Riksbank, Swiss National Bank, Bank of England, Board of Governors of the Federal Reserve System, and Federal Reserve Bank of New York.


Jacqueline Loh, Deputy Managing Director at the Monetary Authority of Singapore (MAS)


Andreas Schrimpf, Bank for International Settlements

Frequency of meetings

The Committee normally meets on the occasion of the bimonthly meetings of Governors of BIS member central banks. There are no public releases of the meeting agendas or discussions.

Reporting arrangements

With effect from January 2010, the Chair reports on an as-needed basis to the Global Economy Meeting, which comprises a group of 31 BIS member central bank Governors.