Jens Weidmann: He knows where the money goes.

BIS Board of Directors elects Jens Weidmann Chairman

On 6 September 2015 the Board of Directors of the Basel-based Bank for International Settlements (BIS) elected Bundesbank President Jens Weidmann as its new Chairman. His three-year term of office will begin on 1 November. President Weidmann is the first German citizen to serve as Chairman of the Board of Directors of the BIS, which was founded in 1930.

The BIS, also known as "the central bank’s central bank", is the world’s oldest international financial institution. The Bundesbank is one of currently 60 member institutions. [He is president of the Deutsche Bundesbank.]

The Board of Directors determines the strategic and policy direction of the BIS. It also supervises BIS management. It meets at least six times a year. Its composition includes six ex officio members – the central bank governors of Belgium, France, Germany, Italy, the United Kingdom, and the United States. Each of these members may appoint another member of the same nationality to the Board. Pursuant to the BIS statues, up to nine governors of other member central banks may be elected to the Board of Directors.

https:// www.bundesbank.de/Redaktion/EN/Topics/2015/2015_09_07_bis_weidmann.html

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BIS member central banks

The Bank's capital is held by central banks only. Sixty central banks and monetary authorities are currently members of the BIS and have rights of voting and representation at General Meetings:

Bank of Algeria

Central Bank of Argentina

Reserve Bank of Australia

Central Bank of the Republic of Austria

National Bank of Belgium

Central Bank of Bosnia and Herzegovina

Central Bank of Brazil

Bulgarian National Bank

Bank of Canada

Central Bank of Chile

People's Bank of China

Bank of the Republic (Colombia)

Croatian National Bank

Czech National Bank

Danmarks Nationalbank (Denmark)

Bank of Estonia

European Central Bank

Bank of Finland

Bank of France

Deutsche Bundesbank (Germany)

Bank of Greece

Hong Kong Monetary Authority

Magyar Nemzeti Bank (Hungary)

Central Bank of Iceland

Reserve Bank of India

Bank Indonesia

Central Bank of Ireland

Bank of Israel

Bank of Italy

Bank of Japan

Bank of Korea

Bank of Latvia

Bank of Lithuania

Central Bank of Luxembourg

National Bank of the Republic of Macedonia

Central Bank of Malaysia

Bank of Mexico

Netherlands Bank

Reserve Bank of New Zealand

Central Bank of Norway

Central Reserve Bank of Peru

Bangko Sentral ng Pilipinas (Philippines)

National Bank of Poland

Bank of Portugal

National Bank of Romania

Central Bank of the Russian Federation

Saudi Arabian Monetary Authority

National Bank of Serbia

Monetary Authority of Singapore

National Bank of Slovakia

Bank of Slovenia

South African Reserve Bank

Bank of Spain

Sveriges Riksbank (Sweden)

Swiss National Bank

Bank of Thailand

Central Bank of the Republic of Turkey

Central Bank of the United Arab Emirates

Bank of England

Board of Governors of the Federal Reserve System (United States)

https:// www.bis.org/about/member_cb.htm