In April 2014, we welcomed two new banks in our jurisdiction, the first to be granted a licence for stand-alone private banking business.
Macroeconomic and financial stability The relative stability in our nominal effective exchange rate, contrasting sharply with the turbulence registered in leading emerging markets, benefited both domestic consumers and producers, while also enhancing our attraction as an investment destination and as an IFCin-the-making. BIS central bankers’ speeches  1  Cross-border banking has been growing rapidly.