The Monetary Authority of Singapore's deputy managing director, Ms Jacqueline Loh, has been appointed chair of the markets committee of the Bank for International Settlements (BIS).

The appointment took place during the central bank Governors of the Global Economy Meeting over the weekend. Ms Loh is the first Singaporean appointed to this post.

The BIS markets committee is a forum where senior central bank officials jointly monitor developments in financial markets and assess their implications for market functioning and central bank operations.

Ms Loh's appointment is for a term of three years starting in mid-January 2017. She succeeds Reserve Bank of Australia deputy governor Guy Debelle, who has chaired the markets committee since June 2013.

At MAS, Ms Loh oversees the central banking functions of Monetary Policy and Markets & Investments, and is also in charge of the Development & International as well as the Fintech & Innovation Groups.

Ms Loh joined the MAS in 1987.