The International Banking Federation (IBFed) has elected Mrs. Ayako Suwa, General Manager at the Japanese Bankers Association, as its chair for a two-year term that runs through January 2025. The IBFed is an international organization whose members include the national banking trade associations representing every major financial centre.

As chair of the organization, Mrs Suwa will work with IBFed members to develop international consensus on critical issues affecting financial institutions across the globe. In full consultation with IBFed members, the chair develops the agenda and chairs consultations that embrace the global diversity of banks and those they serve, promoting industry unity on efforts to expand services to meet evolving customer needs, promote coordinated standards of prudential supervision and combat financial crime.