1  The BIS provides secretariat services to various committees and high-level meetings of central banks and supervisory authorities such as the Financial Services Board, the Basel Committee on Banking Supervision, the Committee on Payment and Settlement Systems, and the Committee on the Global Financial System. The BIS also functions as the study and research center for global finance and economics.
2  The primary objective of the EMEAP resembles that of the BIS. It is to strengthen the cooperative relationship among its members. The EMEAP started as the regular meetings for the Deputy Governors. Since 1996, it has developed into a triple layered system similar to that of the BIS, with the Governors’ Meetings, Deputy Governors’ Meetings and Working Group Meetings.