GCC Secretary-General discusses strengthening relations in the banking sector with Bank for International Settlements Director-General

Riyadh, October 13 (KUNA) -- The Secretary-General of the Gulf Cooperation Council (GCC), Jassem Al-Budaiwi, held talks today with Pablo Hernández de Cos, Director General of the Bank for International Settlements (BIS), on ways to enhance relations between the GCC and the Bank in the banking sector. The GCC Secretariat said in a statement that the meeting took place in Bangkok, the capital of Thailand, on the sidelines of Al-Budaiwi’s participation in the 2026 annual meetings of the International Monetary Fund (IMF) and the World Bank Group. It added that the meeting addressed several issues of mutual interest, and that the two sides discussed several proposals and agreed to organize periodic meetings to exchange expertise between the BIS and the GCC in various banking-related fields and associated technologies. The statement noted that the GCC Central Bank Governors Committee had decided at its last meeting to intensify cooperation with several international entities, including the Bank for International Settlements, in the field of banking supervision and oversight. (End) K.N.S. / N.S.A.