The Bank for International Settlements (A company that is also known as BPI or BIS in English) and that can be viewed as the central bank of central banks, relies on innovationn monetarily with the opening of four fintech centers in Europe and North America for the next two years, which would take place in cooperation with the respective central banks, including the European Central Bank (ECB). This was reported by Europa Press on June 30th.
On the other hand, they described this in detail from Investing.com The BIS will open new innovation centers in Toronto, London, Frankfurt, Paris and Stockholm as well as strategic cooperation in New York.
“The BIS announced (…) the opening of these centers in the next two years in cooperation with the Bank of Canada, the Bank of England, the European Central Bank (ECB) and the central banks of Denmark, Iceland and Norway and Sweden the BIS will (…) initiate a strategic collaboration with the Federal Reserve in New York, “the article on Investing.com said.
BIS Director General Agustín Carstens said:
“These new centers will greatly expand our reach and help us create a global force for innovation in the tech finance sector.”
On the other hand, Investing.com emphasized that the mission of the BIS, based in Basel (Switzerland), is “to support central banks in promoting monetary and financial stability, and to promote and act in international cooperation in these areas. ” as a bank of central banks ”.
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