The Monitoring Board of international regulators overseeing the IFRS Foundation has chosen Japanese regulator Masamichi Kono as its chairman, while also choosing a new way to assess the membership criteria.

Kono had been acting chairman of the Monitoring Board and the Monitoring Board simply elevated him from acting chair to chair. Kono represents the Japan Financial Services Agency on the Monitoring Board.  He is also the chairman of the International Organization of Securities Commissions Board and vice commissioner for international affairs of the JFSA.

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