Central banks Current Affairs, GK & News

Christine Lagarde appointed as new chief of European Central Bank

Former IMF chief Christine Lagarde has been appointed the new chief of the European Central Bank (ECB). She will succeed Mario Draghi (Italy) from November 1. Her confirmation for a non-renewable term of 8 years comes after EU leaders nominated her for the position on July 2.

Topics: Central banks • Christine Lagarde • Draghi • Eurogroup • European Central Bank • European Union • International Monetary Fund • Mario Draghi • Olli Rehn • Organizations • President of the European Central Bank

Siddharth Tiwari appointed as new Chief Representative for Asia and Pacific by Bank for International Settlements (BIS)

The Bank for International Settlements (BIS) has appointed Siddharth Tiwari as the Chief Representative for Asia and the Pacific. He succeeded Eli Remolona. At BIS, he will work to strengthen the connection between BIS and the central banks in the area he oversees. He will lead efforts to enhance understanding of issues that are important ..

Topics: Bank for International Settlements • Banking • Basel Committee on Banking Supervision • BIS • Central Bank of Myanmar • Central banks • Economy • Financial services • International finance institutions • International financial institutions • William White

Financial Stability Board

After the global financial crisis of 2007, the G-20 has created an institution called Financial Stability Board to design sophisticated regulation measures for banks to prevent future bank failure. Beside this, the central banks of each country identify Domestic Systemically Important Banks (D-SIBs). While the Basel Committee on Banking Supervision (BCBS) started to identify big ..

Topics: Basel Committee on Banking Supervision • Central banks • Economic globalization • Economy • Finance • Financial regulation • Financial Stability Board • Global financial system • International finance institutions • Money • Systemic risk • Systemically important financial institution

Urjit Patel appointed as advisory board member of Financial Stability Institute (FSI) of BIS

RBI Governor Urjit Patel has been appointed as advisory board member of the Financial Stability Institute (FSI) of the Bank of International Settlement (BIS). The FSI assists financial sector authorities worldwide in strengthening their financial systems. The FSI was jointly created in 1998 by the BIS and the Basel Committee on Banking Supervision. Among other ..

Topics: Bank for International Settlements • Banking • Basel Committee on Banking Supervision • Central banks • Economy • Financial regulation • Financial services • Financial Stability Institute • FSI • International finance institutions • Urjit Patel

Abbreviations B

BC Business Correspondence BCBS Basel Committee on Banking SupervisionBCP Business Continuity Planning ProcessBCP Basel Core PrinciplesBCSBI Banking Codes and Standards Boards of IndiaBF Banking FacilitatorBFS Board for Financial SupervisionBIA Basic Indicator ApproachBIFR Board for Industrial and Financial ReconstructionBIS Bank for International SettlementsBLA Bond Ledger AccountBO Banking OmbudsmanBoP Balance of PaymentsBOS Banking Ombudsman SchemeBPLR Benchmark Prime ..

Topics: Bank • Bank regulation • Banking • Basel Committee on Banking Supervision • Basel II • Basic indicator approach • Central banks • Economy • Finance • Financial services • International finance institutions • Standardized approach