As well as being the head of the Bankof Canada, he serves as chairman of the Basel-based Financial Stability Board (FSB) and as a member of the board of directors of the Bank for InternationalSettlements(BIS).
The IMF, World Bank and key regulatory agencies like the Bank for InternationalSettlements(BIS) based in Basel should establish internationally agreed codes of best practices on monetary, financial and fiscal policy and corporate governance.