In consultation with the Board of Governors, the Reserve Bank directors choose a president to run the Bank.5 The Board of Governors oversees the Reserve Banks and is responsible for formulating bank regulations; supervising banks; and making decisions regarding lending, other than discount window lending, to depository institutions.6 The seven members of the Board of Governors serve 14-year terms, with one term ending in January of each even-numbered year.
We need to become more diverse and more inclusive, and we will put forth every effort to make that happen. We must ensure that we ar e better able to detect and recognise racism and respond to it decisively. And we intend to boost diversity at De Nederlandsche Bank in our recruitment & selection procedures, through internships and traineeships, and in promotions.