76th Annual Report, 2005/06
The 76th Annual Report of the Bank for International Settlements for the financial year which began on 1 April 2005 and ended on 31 March 2006 was submitted to the Bank's Annual General Meeting held in Basel on 26 June 2006.
Overview:
76th Annual Report by chapter:
This chapter summarises the BIS's contribution to international cooperation directed towards greater monetary and financial stability. It describes the institutional framework in which this cooperation is pursued, and highlights activities that marked the past year.
In June 2005 corporate governance was strengthened through a revision of the BIS Statutes approved at an Extraordinary General Meeting of the Bank's shareholders. Based on recommendations of a group of eminent legal experts, the revision abolished the position of President of the Bank, and recognised terms of reference for the Executive Committee as an advisory committee to the General Manager. Charters for the Board of Directors and several operational committees were drawn up.
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