Governor of the Central Bank of BiH Senad Softić at the BIS meeting

BASEL, (Patria) - The Governor of the Central Bank of Bosnia and Herzegovina (CBBiH) Senad Softić is in Basel (Swiss Confederation), attending the 88th regular annual meeting of the Bank for International Settlements (BIS).

CBBiH is one of the 60 central banks - members/shareholders of this institution, and the bank's annual meetings are an opportunity to review annual and financial reports, as well as topics of interest to monetary authorities' representatives.

BIS has several roles, of which two should be highlighted - one is the safe investment of foreign exchange reserves of member banks, and the other is strengthening international financial cooperation, especially dialogue among financial institutions on the topic of promoting financial stability.

In addition to these activities, BIS also acts as an agent for central banks in international payment operations, and within its operations in the area of monetary and financial stability, it regularly publishes analyses and data that serve member banks in their decision-making processes.

Every year, during the annual meeting, a special panel discussion is held on a topic that is currently in the focus of the banking community, and this year the focus was on the real effects of disruptions in lending based on experiences from the last financial crisis.

As part of this year's governors' meeting, the 17th annual BIS conference was held on the topic "10 years after the great financial crisis - what has changed", which was attended by some of the greatest economic experts of today.

CBBiH has been a shareholder of BIS Basel since December 1997, and BIS has existed since 1930, making it the oldest international financial institution in the world.