RBI Governor Urjit Patel has been appointed to the Financial Stability Institute Advisory Board or the Bank of International Settlement (BIS). Bank for International Settlements is an international financial organisation owned by 60 member central banks across the world.
The Financial
Stability Institute (FSI) of the BIS assists financial sector authorities worldwide in strengthening their financial systems. Since the beginning of 2017, the FSI has been implementing a new strategy that includes achieving closer interaction with central banks and financial supervisory agencies.