BIS amends Statutes to streamline governance

An Extraordinary General Meeting of the Bank for International Settlements (BIS) on Monday 27 June decided to revise the BIS Statutes.

The decision streamlines the governance of the BIS. This is the most recent step in a review that the Bank has been undertaking to enhance the transparency of its operations and structure.

As a result, the position of President of the BIS has been abolished. The positions of Chairman of the Board and President had been vested in one person since 1948. The change

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