Similar initiatives have recently been undertaken by the Committee on Payment and Settlement Systems with similar objectives in mind. The Euro-currency Standing Committee had, for many years, “extended” meetings involving representatives of important non-G-10 financial centres. However, it is now actively engaged in discussing how broader participation might be made more effective.
D.  The role of the BIS in crisis management It has been analytically convenient above to deal separately with the three major  components of the international financial system and the BIS committees which support each. This approach also emphasises the comprehensive reach of the Committees’ concerns.