Question

Consider the following statements about ‘Bank of International Settlements (BI

Q: Answer-Consider the following statements about ‘Bank of International Settlements (BIS)’: I. Bank of Inter...

Statement I is correct - The goal of the Bank of International Settlements BIS is to serve as a bank for central banks and to assist in central banks efforts to achieve monetary and financial stability through global collaboration. Statement II is correct - The Basel Committee on Bank Supervision BCBS is a committee within the Bank for International Settlements. Statement III is not correct - Its head office is in Basel, Switzerland.

S ’: I. Bank of International Settlements (BI
S is basically acting as the Bank of the Central Banks. II. Basel Committee on Bank Supervision (BCB
S is a committee of BIS. III. Its head office is in Geneva, Switzerland. Which of the above statements is/are correct?