Mr. Chairman, Mr. Deputy Governor, Board Members, Heads of Department, Ladies and Gentlemen, I now have the honour of declaring the Board of Directors formally inaugurated. Thank you and God bless you all. 2  BIS Review 116/2010
Building resilience in market-based finance will ensure that the wider financial system is better placed to absorb, rather than amplify, financial shocks in times of stress. The response to the pandemic proved challenging for the market-based finance sector. As financial market turbulence increased, a broad-based ‘flight to safety’ and a heightened demand for cash swept through a range of markets.