John Heimann, chairman of the global financial institutions group at Merrill Lynch and a member of the firm's executive management committee, takes up a new position next month. After 14 years at Merrill he is retiring from Merrill to become chairman of the Financial Stability Institute at the Bank for International Settlements.
The newly-created institute, a join initiative of the BIS and the Basle Committee on Banking Supervision, will essentially aim to help emerging countries upgrade the quality of supervision of their banking systems in line with the 25 core principles for effective banking supervision, which...
