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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.
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 ..
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 ..
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 ..
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 ..