BIS – Bank Of International Settlement An Overview
Post on 22,November 2015   6:00 AM
By - PolyEyes Staff
views 797
Bookmark and Share

Established in May 1930

  • The bank for International settlement (BIS) is the world’s oldest international financial organisation.  It was established in May 1930.
  • It is based in Basel, Switzerland, with representative office in Hong Kong and Mexico City. 
  • It has 60 members central banks, representing countries from around the world that together make up about 95% of world GDP.
  • The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks.
  • The mission of BIS is to serve central banks in their pursuit of monetary and financial stability, to faster international co-operation in those areas and to act as a bank for central banks.

BIS elects Raghuram Rajan as its Vice-Chairman: Rraghuram Rajan, Governor of Reserve Bank of India (RBI), has been elected vice-chairman of the bank of international settlement (BIS).

  • He will have a three year term as vice-chairman of the BIS.
  • Rajan is the 1st Indian central bank Governor to become the vice-chairman of BIS.

The Board of BIS

  • The BIS board meets at least six times a year.
  • The Board of BIS is responsible for determining the strategic and policy direction of the BIS, supervising BIS management, and fulfilling the specific tasks given to it by the bank’s statutes. 
  • The Board of directors elects a chairman and vice-chairman from among its members each for a three years terms.
  • The board may have up to 21 members, including six ex officio directors, comprising the central bank Governors of Belgium, France, Germany, Italy, The United Kingdom and The United States.
  • Such ex-officio member may appoint another member of the same nationality.
  • Nine governors of other member central banks may be elected to the board. 

 


Back
Comments ( 0 )
Add a comment
Your name: *
E-mail:
The content of this field is kept private and will not be shown publicly.
Title:


Related Articles

Prelims Online Test Series
UPSC 2018 Prelims Test Series Registration Link

UPSC REGISTRATION
JPSC 2017-18 PRELIMS Test Series

REGISTRATION
Most Recent Comments
I’m really enjoying the theme/design of your website.
by PhillipNit

I think cdpo requirenment 2017 will be uploades

Notification this mont.

by ASHISH KUMAR

Sir/Mam,

Can you please provide me the syllabus for bpsc mains gs paper syllabus. I am not getting it.

Regards

by Nupur

sir,your prediction about cut off for general(85-95) is on the basis of 9000 results or more than that.further there is 35% horizontal reservation to women.please clarify

by Pushkar Verma
Surprisingly individual friendly site. Great info available on couple of gos to.
by Binary Option Trading Systems

sir please do reply on the above comment.also tell about the expected date for main exam

by Pushkar Verma

Sir ,

Due to�previous records of jpsc ....can u tell there were any possibilities that jpsc conduct 

7th jpsc as on 12 nov 2017....can  we prepare for it

by Ridhima

Yes gear up , early starters alwaz has edge.

by Help Desk PolyEyes

Proud to be a Bihari

by S K Rai
Get RSS Feeds
  • All Stories
  • Recently Published Stories
  • Most Viewed Stories
  • Just In Photos
  • Most Viewed Photos