ABSTRACT
The Board of Directors is responsible for the conduct of the Bank's operations at the highest level. In March 2001 an Asian Consultative Council, comprising the Governors of the Bank for International Settlements (BIS) member central banks from the region, was established to advise the BIS Board of Directors, and in May 2008 a Consultative Council for the Americas was created. A Regional Treasury dealing room became operational at the Hong Kong office in October 2000, with the aim of improving access for Asian central banks to BIS financial services during their trading hours. An extraordinary general meeting in March 2003 amended the Bank's statutes to redenominate the Bank's share capital in Special Drawing Rights, the unit of account of the International Monetary Fund, in order to enhance the efficiency and transparency of the Bank's operations.
