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The Euro-Currency Standing Committee (ECSC) was established by a decision of the BIS Governors at their meeting of April 1971. [1]: 3 It adopted its current name in February 1999, as the word euro had taken a new meaning as the European single currency. [2] The CGFS reports to the BIS Global Economy Meeting.
The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. [2] Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. [3] With its establishment in 1930 it is the oldest international financial institution.
Monetary policy is the outcome of a complex interaction between monetary institutions, central banker preferences and policy rules, and hence human decision-making plays an important role. [101] It is more and more recognized that the standard rational approach does not provide an optimal foundation for monetary policy actions.
The recommendation from the central bankers' central bank, as the BIS is known, comes as markets wait to see whether the U.S. Federal Reserve starts its long-awaited rate cutting cycle this week ...
[3] [4] His research includes work on capital flows, financial stability, and monetary policy, and he has been published widely in leading academic journals. [ 5 ] [ 6 ] In April 2023, he was appointed as the Deputy Head of the Monetary and Economic Department and Head of Financial Stability at the Bank for International Settlements (BIS ...
The committee's Secretariat is located at the Bank for International Settlements (BIS) in Basel, Switzerland. The BIS hosts and supports a number of international institutions engaged in standard setting and financial stability, one of which is BCBS.
Established in 1999 by the BIS and the Basel Committee on Banking Supervision, its primary role is to improve the co-ordination between national banks regulators through holding seminars and acting as a clearing house for information on regulatory practice.
They are called the Basel Accords as the BCBS maintains its secretariat at the Bank for International Settlements in Basel, Switzerland and the committee normally meets there. The Basel Accords is a set of recommendations for regulations in the banking industry .