Fabio Panetta elected Chair of Bank for International Settlements Board
Bank of Italy Governor Fabio Panetta has been elected Chair of the Bank for International Settlements Board, beginning a three-year term in June 2026.Summary
Fabio Panetta, Governor of the Bank of Italy, has been elected as the next Chair of the Board of Directors for the Bank for International Settlements (BIS), effective June 3, 2026. Known for his skepticism toward unbacked cryptocurrencies and his strong advocacy for central bank digital currencies (CBDCs), Panetta will lead an institution that acts as a central bank for central banks and influences global financial regulation.
His appointment comes as the BIS undergoes a strategy review, focusing on the evolution of digital finance, tokenized assets, and programmable money. While Panetta has warned that private stablecoins pose risks to monetary sovereignty, his support for CBDCs suggests the BIS will likely continue prioritizing institutional frameworks for digital settlement and programmable finance under his leadership.
(Source：Crypto Briefing)