Promoting international cooperation

The BIS is committed to fostering international cooperation among central banks and financial supervisory authorities from around the world, with a view to supporting their efforts to ensure monetary and financial stability. Innovation BIS 2025 has allowed us to increase our global outreach by further deepening our engagement with central bank committees and hosted organisations in the context of the Basel Process. 

All Governors and other senior officials of BIS member central banks meet approximately six times a year to discuss current global economic developments and the outlook for the world economy and financial markets. They also exchange views and experiences on issues of particular interest to central banks. In the year under review, in the light of the Covid-19 pandemic, almost all these meetings took place in virtual format.

The Financial Stability Institute (FSI) plays an important role in supporting the BIS's goals to promote international cooperation in the area of financial stability. In particular, the FSI is mandated to support the implementation by central banks and other financial authorities of global regulatory standards and sound supervisory practices.

The BIS has two Representative Offices: one for Asia and the Pacific, located in Hong Kong SAR, and one for the Americas, located in Mexico City. They serve as centres for BIS activities in those regions, strengthening relationships and promoting cooperation between the BIS and central banks and supervisory authorities. 

The BIS hosts nine international groups engaged in standard setting and the  pursuit of financial and monetary stability. The BIS supports their work by contributing its expertise in economic research and statistics, its practical experience in banking and its knowledge in regulatory and supervisory issues. In addition, its close relationships with policymakers and stakeholders allow the Bank to enrich the debate and to add value to the work of these groups.