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Tejas Khedekar (Dilkhush Khede) M- 4149

BIS

Bank Of International Settlement

BIS

Environment of Borderless Finance

4 global changes BIS is an international organization which develops international monetary & financial co-operation

Do not accept deposits, or provide financial services

BIS is a central bank for central bank

BIS

History

BIS

Formed in 1930

Was established in context of the young plan

BIS act as a trustee for the Dawes & Young Loans

Agencies in pursuit of monetary & financial stability

BIS

Objective

BIS

The main aim & objective of BIS is to excel in service to central bank & financial authorities

Act as a bank to central banks & international organizations

BIS

Features of BIS

BIS

Medium to promote discussion & policy analysis Provide central bank with wide range of financial services Co-Operation among central bank

Facilitates the implementation of international financial agreements


Basel committee on Banking Supervision

BIS

Functions of BIS

BIS

Gold Reserve Related Advances & loans to/from banks Bill Discounting

Agent Bank, Correspondent Bank

Hemant Naik (Settlement Guru) M- 4128

European Central Bank

One of the worlds most important central bank

Current President of ECB is Mario Draghi Primary objective of ECB is to maintain price stability

Key task of ECB is to define & implement monetary policy

One of the worlds most important central bank

History of European Central Bank

ECB is de facto successor of the European Monetary Institute (EMI) The 1st President of ECB was Wim Duisenberg German Opposition ECB is responsible for monetary system of European Union (EU) & Euro Currency

Objectives of European Central Bank

Primary objective of ECB is to maintain price stability by the way of... Safeguarding Defining & Implementing Conducting Holding & managing

Promoting

Functions of European Central Bank

To define & implement monetary policy


Collection of statistical information Smooth conduct of policies

Maintaining working relations with relevant institutions Authority to issue banknotes within the euro area.

Decision-Making Bodies of European Central Bank

Governing Council The Executive Board

The Genral Council

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