Bank for International Settlement


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Bank for International Settlement

The Bank for International Settlement was established under the law of Switzerland. It also has legal capacity pursuant to the municipal law of each of its member states, but it lacks international legal capacity. It was denied a specific international personality. The bank is, therefore, solely in the control of its members.

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Ahmad Aweidah, CEO of the Palestine Exchange said: "This upgrade corresponds to the PEX performance within best international practices and the recommendations of the International Organization of Securities Commissions (IOSCO) and the Bank for International Settlement (BIS).
Bank for International Settlements, the coordinating body for the world's most powerful central banks, has announced that it has hired a new chairman.
Moreover, the mechanism includes the exchange of supervisory information according to local laws of each jurisdiction and within the Bank for International Settlements and home/host country s supervisory authorities, and information sharing, which would add to the enhancement of the financial system in the UAE and the Republic of Kazakhstan.
9 on the list due to a "significant expansion" in offshore trading, the Bank for International Settlements said in a report Thursday.
Summary: Sovereign debt crises are expected to widen to more countries in coming years, and public debts are increasingly likely to be viewed as risky assets, the Bank for International Settlements said.
Taoufik Baccar took part from June 27 to 28, 2010 in the works of the 80th General Assembly of the Bank for International Settlements (BIS) held in Basel, Switzerland.
It may deter the build-up in the private sector of imprudent foreign exchange exposures, the Bank for International Settlements said in its annual report.
Summary: Figures released by the Bank for International Settlements (BIS) show that Lebanon's external debt totaled $25.
Global cross-border lending by banks shrank almost $5 trillion in the nine months to last December, the sharpest fall ever recorded, a report from the Bank for International Settlements showed recently.
In its recent report, the Bank for International Settlements announced that Iran`s deposits in foreign banks increased by $3.
As part of the agreement, the central bank becomes the lead regulator for the payment systems implemented under Rapid and has ultimate responsibility to ensure that Rapid complies with the Core Principles for Systemically Important Payment Systems (CPSIPS) as issued by the Bank for International Settlements (BIS).