The Bank for International Settlements (BIS) has opened a representative office in Mexico City to serve as a centre for its activities in the Americas.The establishment of a base in Mexico is aimed at fostering closer relations and co-operation between the BIS and central banks and monetary authorities in the Americas. BIS general manager, Andrew Crockett, said monetary and financial stability were major concerns in the region, especially in Latin America.
The office, headed by Gregor Heinrich, will have four staff and plans to improve the exchange of information and data in the region as well as co-ordinating meetings and seminars.
The BIS, whose secretariat is based in Basel, Switzerland, already has a representative office in Hong Kong. This office, which covers Asia and the Pacific, was opened in 1998.
More on Central Banks
Asean Economic Community faces challenges, says deputy governor Muhammad bin Ibrahim
BoE governor insists clearing houses must have enough liquidity to cope with default of two big member firms
Deputy governor is bound for academia in the US after helping with transition to new Carney regime
Underpinning the integration of regional capital markets is a major concern for Vorapol Socatiyanurak, secretary general of Thailand's Securities and Exchange Commission
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.