Newsletter Jun 2006: Caruana gets key capital markets role at IMF

WASHINGTON – Jaime Caruana, who steps down as chairman of the Basel Committee in July, has been appointed to a senior post at the International Monetary Fund (IMF) in Washington, the agency dealing with global stability, and exchange rate and balance of payments issues. IMF managing director Rodrigo de Rato, announced in early June that Caruana was being appointed Counsellor and Director of a new IMF department that will be responsible for all aspects of the Fund’s financial, capital market, and monetary work.