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President of France’s Competition Authority in
January 2022. In March 2023, Andréa M
Maechler was announced as the next Deputy
General Manager of the BIS. She will be
appointed for a five-year term, effective
1 September 2023. She will succeed Luiz
Pereira da Silva when he retires at the end
of August 2023.
Senior management remuneration
The salaries of senior officials are regularly
benchmarked against compensation in
comparable institutions and market
segments. As of 1 July 2022, their annual
remuneration, before expatriation and other
applicable allowances, is based on the salary
structure of CHF 681,413 for the General
Manager, CHF 576,580 for the Deputy General
Manager and CHF 524,164 for Heads of
Department. In addition, the General Manager
enjoys enhanced pension rights.
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Organisation
The BIS has four main departments. They encompass economic research, banking
activities, support to central bank collaboration on technological developments
impacting the financial system, and general internal support.
Departments and services
The Monetary and Economic Department (see Chapter 2) undertakes research
and analysis to shape the understanding of policy issues concerning central banks,
including innovation and monetary policy frameworks, provides committee support
and organises key meetings of senior central bankers and other officials in charge
of financial stability.
The Banking Department (see Chapter 4) provides a range of financial services
to support central banks in the management of their foreign exchange and gold
reserves and invests the BIS’s own capital.
The BIS Innovation Hub (see Chapter 5) identifies and develops in-depth insights
into critical trends in financial technology of relevance to central banks, explores
the development of public goods to enhance the functioning of the global financial
system, and serves as a focal point for a network of central bank experts on
innovation.
The General Secretariat provides the organisation with comprehensive corporate
services in the areas of IT, cyber security, operational resiliency, operational
risk management, human resources, finance, facilities management, security and
meeting services.
The BIS is further supported by the Legal Service and the Risk Management,
Internal Audit, Ethics and Conduct and Communications units. The BIS’s Financial
Stability Institute (see Chapter 3) promotes the implementation of global regulatory
standards and sound supervisory practices worldwide.
The BIS has two Representative Offices: one for Asia and the Pacific, located in
Hong Kong SAR, and one for the Americas, located in Mexico City (see Chapter 3).
A number of international groups engaged in the pursuit of financial stability have
their secretariats at the BIS (see Chapter 3).
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MOAR ON François Villeroy de Galhau, The chair of the B.I.S
https://en.wikipedia.org/wiki/Fran%C3%A7ois_Villeroy_de_Galhau
Early life
Born in Strasbourg, he descends from the family Villeroy de Galhau (co-owner of the ceramic manufacturer Villeroy & Boch, domiciled since the late 18th century in Wallerfangen (Saarland)); he speaks German fluently.[1] After earning his French baccalaureate degree at the Lycée Saint-Louis-de-Gonzague, and his engineering degree at the École Polytechnique, he studied at ÉNA (École nationale d'administration) from 1982 to 1984.