Comment: BIS looks east

The Bank for International Settlements (BIS) on Monday announced its intention to "deepen its relationship" with Asian central banks. The most interesting and challenging aspect of the initiative is the proposed "extension of banking services in the Asian time zone".

COMMENT BY CENTRALBANKNEWS

The announcement follows a meeting of BIS representatives and Asian central bankers in Shanghai over the weekend. The Basel-based institution said that the initiative will focus on three aspects: the

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