Ben Gully Appointed Basel Committee Secretary General

OSFI News (Canada Banking Regulator)

Published March 17th, 2026

Detected March 17th, 2026

Summary

The Basel Committee on Banking Supervision announced that Ben Gully, Deputy Superintendent at OSFI, will become its Secretary General in August 2026 for an initial three-year term. This appointment highlights OSFI's role in international financial regulation.

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What changed

The Basel Committee on Banking Supervision (BCBS) has announced the appointment of Ben Gully, currently Deputy Superintendent of OSFI's Supervision Sector, as its next Secretary General. Mr. Gully will assume this role in August 2026 for a three-year term. The BCBS is the primary global standard setter for prudential bank regulation and plays a key role in enhancing financial stability worldwide.

This appointment is an internal personnel announcement and does not impose new regulatory requirements or obligations on regulated entities. Compliance officers should note the significance of OSFI's continued involvement in international regulatory bodies, which may influence future regulatory developments. No immediate actions or compliance deadlines are associated with this notice.

Source document (simplified)

Ben Gully appointed as the next Secretary General of the Basel Committee on Banking Supervision

News release
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Ottawa -

March 17, 2026

Today the Basel Committee announced that Ben Gully, Deputy Superintendent, Supervision Sector, at the Office of the Superintendent of Financial Institutions (OSFI), will become the Secretary General of the Basel Committee on Banking Supervision (BCBS) in August 2026. This appointment is for an initial term of three years.

Mr. Gully was named Deputy Superintendent of OSFI's Supervision Sector in April 2022. In this role, he is responsible for overseeing the supervision of most Canadian banks and insurance companies as well as federally regulated pension plans. Mr. Gully first joined OSFI in 2001 and throughout his tenure, he has held various senior level and executive positions. He has also worked internationally at the Australian Prudential Regulation Authority (APRA) and Bank of England.

Quote

Mr. Gully has been an invaluable member of OSFI's executive team. He has had many accomplishments including modernizing OSFI's supervisory framework, the cornerstone of how we work. His extensive regulatory and supervisory experience will be an asset not only to the BCBS, but also to the international financial supervisory community. On behalf of OSFI, we wish him much success in his new role.

Quick facts

The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters.
The Secretary General of the BCBS plays a crucial role in directing the work of the Secretariat and supporting the Chair in fulfilling the Committee's mandate to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability.