Her Majesty Queen Máxima participates today, Tuesday, November 11, in the workshop ‘Achieving Stability, Resilience and Inclusive Growth through Financial Health’ at the ‘Bank for International Settlements’ (BIS) in Basel, Switzerland. The two-day workshop is organized by the ‘Financial Stability Institute’ (FSI) of the BIS and the UN office that supports Queen Máxima in her role as the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA).
Queen Máxima takes part in the panel discussion ‘Why Financial Health Matters for Central Banks and Regulators’ about the importance of financial health of households for central banks and regulatory authorities. Other participants include Eli M. Remolona, governor of the central bank of the Philippines, and Jean-Paul Servais, chairman of the Belgian Financial Services and Markets Authority (FSMA) and also chairman of IOSCO (International Organization of Securities Commissions).
In addition, Queen Máxima participates in a session on the opportunities and risks of technological innovations in financial services, viewed from the perspective of regulatory authorities. She also holds various bilateral talks with governors of central banks about financial health.
For the first time, senior representatives of central banks, international financial institutions, International Standard-Setting Bodies, and financial sector supervisors (SSBs) jointly discuss how financial health can be embedded in the frameworks of global financial supervision. This includes examining the relationship between the financial well-being of households, financial stability, resilience, and inclusive growth. The basis for this workshop was laid in March last year during a visit by Queen Máxima to the BIS ‘All Governors meeting’.
RVD, no. 308
