Raghuram Rajan, Governor of Reserve Bank of India, has
been elected as the Vice-Chairman, the Board of Directors of the Bank
for International Settlements (BIS), for a period of three years
from November 10, 2015.
Raghuram Rajan had joined the BIS Board of Directors in December 2013.
The
Board is responsible for determining the strategic and policy direction
of the BIS, supervising BIS Management, and fulfilling the specific
tasks given to it by the Bank's Statutes. It meets at least six times a
year.
Four advisory committees -- Administrative,
Audit, Banking & Risk Management, and Nomination -- assist the Board
in its work.
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