Central bank body BIS backs banking rescues

Kitco Media
By Reuters
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Updated:
Reuters
LONDON, March 21 (Reuters) - The central bank to the world's central banks, the Bank for International Settlements, said on Tuesday it fully supported recent actions taken by the likes of the Swiss National Bank and Federal Reserves to address banking system problems. "We take note of the recent developments and we support in full all the actions central banks have taken," the head of the BIS, Agustin Carstens, said at the start of a financial conference hosted by the bank.
(Reporting by Marc Jones; Editing by Amanda Cooper)

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