The Governor of the Central Bank of Bosnia and Herzegovina (CBBH), Senad Softić, Ph. D. is in Basel (Switzerland), where he is attending the 88th Annual General Meeting of the Bank for International Settlements (BIS).
The CBBH is one of 60 member/shareholding central banks of this institution and the Annual General Meetings of the Bank are opportunities to discuss Annual and Financial Reports, as well as other topics of interest from representatives of monetary authorities.
The BIS has several roles, two of which should be especially stressed – first, safe investment of foreign exchange reserves of member banks, and the second, to strengthen international financial cooperation, especially the dialogue between financial institutions on the topic of promoting financial stability. In addition to these activities, BIS is also the agent of central banks in international payment operations. In addition, in the course of its activities in the field of monetary and financial stability, it regularly publishes analyzes and data that serve member banks in their decision-making process.
Each year, during the Annual General Meeting, a special panel discussion is held on a topic that is currently in the focus of the banking community, and this year’ focus was on the real effects of credit disruptions based on experiences from the last financial crisis. During this year’s meeting, the 17th Annual BIS Conference entitled “10 years after the big financial crisis – what has changed” was held, and it attended by some of the greatest economic experts of today.
CBBH is a shareholder of BIS Basel since December 1997, and BIS itself has been established in 1930, making it the oldest international financial institution in the world.