BANKING AFFAIRS

Detailed explanation-1: -It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

Detailed explanation-2: -Its head office is in Basel, Switzerland and it has two representative offices: in Hong Kong SAR and in Mexico City, as well as Innovation Hub Centres around the world.

Detailed explanation-3: -Headquartered in Basel, the Bank for International Settlements (BIS) fosters international monetary and financial cooperation and serves as a bank and forum for central banks. The SNB has occupied one of the seats (currently 18) on the Board of Directors since the BIS was founded in 1930.

Detailed explanation-4: -The Committee, headquartered at the Bank for International Settlements in Basel, was established to enhance financial stability by improving the quality of banking supervision worldwide, and to serve as a forum for regular cooperation between its member countries on banking supervisory matters.

Detailed explanation-5: -Basel III is a set of international banking regulations developed by the Bank for International Settlements in order to promote stability in the international financial system. Basel III regulation is designed to decrease damage done to the economy by banks that take on too much risk.