New secretariat of the International Association of Insurance Supervisors (IAIS) comes to Basle

The decision to locate it in Basle has been influenced by the synergies of the IAIS Secretariat being near to the secretariat of the Basle Committee, by an offer from the Bank for International Settlements (BIS) to make office and support facilities available and by the support of the Government of Switzerland. The IAIS will remain fully independent of the BIS. In the context of the request by the Heads of Government at the G-7 Summit in Lyon for closer cooperation between financial market regulators, an objective which the BIS strongly supports, the BIS is pleased to provide a forum in which such cooperation can develop.