OSFI regulator appointed head of Basel Committee secretariat

One of Canada’s top banking regulators, Carolyn Rogers, is taking over as the head of the Basel Committee on Banking Supervision’s secretariat.

Rogers, who was assistant superintendent of regulation at the Office of the Superintendent of Financial Institutions (OSFI), has been appointed to a three-year term as the next secretary general of the Basel Committee. In her new role, which she starts on August 14, Rogers will also chair the policy development group at the umbrella group of global regulators.

Prior to joining OSFI, Rogers was superintendent and CEO of British Columbia’s financial regulator, the Financial Institutions Commission (FICOM).

“Carolyn has a strong supervisory and regulatory background and has been an active and highly respected member of the Basel Committee over the past three years,” said Pablo Hernández de Cos, chairman of the Basel Committee and governor of the Bank of Spain, in a statement.

“Carolyn’s broad experience, in-depth understanding of the Basel Committee and leadership skills make her an ideal appointment to the position of secretary general,” he added.

“While this will be a loss for OSFI, it will be a major gain for the BCBS, the international regulatory community, and for Canada,” said Jeremy Rudin, superintendent at OSFI.