GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Paris
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Basel
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Davos
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New York
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Detailed explanation-1: -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-2: -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-3: -The BIS was created in 1930 at the Hague Conference. A convention respecting the establishment of the BIS was signed between Belgium, France, Germany, Italy, Japan and the United Kingdom on the one hand and Switzerland on the other.