Governor of the Bank of Israel Prof. Amir Yaron returned to Israel after participating in a meeting of governors from central banks around the world, who are members of the Bank for International Settlements (BIS*). The meeting was held in Basel, Switzerland.

 

Pursuant to the appointment in November 2021 of Governor Yaron as Chair of the Small Open Economies group[1], the Governor moderated the professional discussion on this topic (SOE—Small Open Economies).

 

In addition, the Governor participated in a joint International Monetary Fund-Swiss National Bank conference on “Digital Money and Its Implications for the International Monetary System”.


* Background:

The BIS (Bank for International Settlements) is the bank regulating international financial settlements.  It is the oldest international financial organization.  Its role is to promote cooperation between central banks, of which 63 are currently members.  The BIS’s activities include the development of international banking supervision standards and criteria (the “Basel” regulations), monitoring the stability of the international financial system, providing banking services to central banks, and assisting various financial institutions in performing their functions.  The Bank of Israel joined the BIS as a full member in September 2003, after obtaining the government’s approval.