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Raghuram Rajan, Governor of Reserve Bank of India, has been elected as the Vice-Chairman, the Board of Directors of the Bank for International Settlements (BIS), for a period of three years from November 10, 2015.
Rajan had joined the BIS Board of Directors in December 2013.
The Board is responsible for determining the strategic and policy direction of the BIS, supervising BIS Management, and fulfilling the specific tasks given to it by the Bank's Statutes. It meets at least six times a year.
Four advisory committees -- Administrative, Audit, Banking & Risk Management, and Nomination -- assist the Board in its work.
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