RBI Governor Urjit Patel was appointed to the Financial Stability Institute Advisory Board of the Bank of International Settlement (BIS). The Bank of International Settlement is a global financial organization owned by major central banks from across the world.
The Financial Stability Institute (FSI) of the BIS assists financial sector authorities worldwide in strengthening their financial systems.
24th Governor of RBI- Urjit Patel- appointed to the Financial Stability Institute Advisory Board (FSIAB) of the Bank of International Settlement (BIS).
Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-
- The FSI was jointly created in 1998 by the BIS and the Basel Committee on Banking Supervision.
- FSIAB- Financial Stability Institute Advisory Board.
- BIS- Bank of International Settlement.
Source- The Hindu