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The annual general assembly, which brings together the 55 shareholding central banks, meets once a year. The Board of Directors has 17 members.
The BIS currently performs four main roles:
- forum for central banks
- counterparty to the central banks in their financial operations
- centre for research into economic and monetary issues
- agent or proxy in certain international financial operations
The BIS Basel Committee on Banking Supervision acts as an authority for its recommendations relating to capital standards (Basel Agreement I of 1988, replaced by the Basel Agreement II in 2004). The standards currently apply in more than 100 countries.