Head of CBA to take part in the 89th annual meeting of BIS in Basel

ArmInfo.Chairman of the Central Bank of Armenia Artur Javadyan left for Basel (Switzerland) on a working visit, where he will participate in the 89th annual general  meeting of the Bank for International Settlements (BIS). According to  the press service of the Central Bank of Armenia, during the meeting  issues related to the regulation of the financial system,  international standards of banking, current challenges of banking  supervision will be discussed.

In addition, the participants of the meeting will be presented the  main indicators of the annual report of the Bank for International  Settlements.

During the visit, a number of bilateral meetings with heads of  partner structures are also envisaged. In particular, the head of the  Central Bank of Armenia will meet with the chairmen of the National  Bank of China and the Central Bank of the Netherlands.

Artur Javadyan is also scheduled to meet with Swiss-Armenian  entrepreneur Vartan Sirmakes, during the meeting issues regarding the  possibility of implementing new investment programs in Armenia will  be motivated. 

To note, the Bank for International Settlements (BIS) is an  international financial institution established in 1930 in Basel  (Switzerland) by the central banks of England, France, Germany,  Belgium, Italy, Japan and a group of US commercial banks led by the  Morgans banking house. Carries out a special mission, which is to  serve the central banks in their quest for monetary and financial  stability, promote international cooperation in these areas and act  as a bank for central banks. Currently, the BIS shareholders are 60  central banks, which together account for about 95% of global GDP.  BIS clients include central banks and international organizations.