You Don’t Know Him, But The Money-Makers Take His Advice; One Handshake Seals Deals Worth Billions

Washington: Some people operate entirely behind the curtain, but their influence touches every corner of the global financial system. Agustin Carstens is one of them. Few outside the banking world may recognise his name, but his decisions ripple through economies everywhere. He heads the Bank for International Settlements (BIS), often called the bank of central banks, the most secretive and influential financial institution on the planet.

What The ‘Bank of Banks’ Does

The BIS is headquartered in Basel, Switzerland. It connects central banks across the world, whether the U.S. Federal Reserve, the European Central Bank or the Reserve Bank of India. The institution coordinates policies on interest rates, inflation control and financial crises on a global scale.

Add Zee News as a Preferred