Brexit and Global Economy Meeting: Difference between pages

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The term 'Brexit' is a combination of '''BR'''itain and '''EXIT''', meaning the exit of the United Kingdom (UK) from the European Union (EU).
The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular [[Bank for International Settlements]] (BIS) bimonthly meetings.


The two main roles of the Meeting are to:


A referendum on the issue was held in the UK on 23 June 2016.
- monitor and assess developments in the world economy and the global financial system.  


The result of the referendum was for the UK to begin the process of leaving the EU.  
- provide guidance to, and receive reports from, the Basel-based central bank committees: the [[Committee on the Global Financial System]] (CGFS), [[Committee on Payments and Market Infrastructures]] (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the [[Markets Committee]].  


The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.


Depending on the context, 'Brexit' may refer to any or all of:


#The decision for the UK to leave the EU.
==See also==
#The exit itself.
* [[Central bank]]
#The consequences, and potential consequences, both of the decision and of the exit itself.
* [[EM]]
 
* [[Gross domestic product]]
 
 
 
== See also ==
* [[European Union]]
* [[Frexit]]
* [[Grexit]]
* [[Hard Brexit]]
* [[United Kingdom]]
 
 
=== Other links ===
[http://www.treasurers.org/technical ACT Technical Guidance and Comment]
 
[https://www.treasurers.org/brexit-briefing Brexit: a treasurer's checklist]
 
[http://www.treasurers.org/node/322569 Brexit - "T minus 7 days"]
 
[https://blogs.treasurers.org/?p=313877 Stephen Baseby's ACT blog: Brexit: will we, won't we; and what would it mean?]
 
[https://www.treasurers.org/node/318447 Further resources]

Revision as of 14:11, 3 January 2018

The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular Bank for International Settlements (BIS) bimonthly meetings.

The two main roles of the Meeting are to:

- monitor and assess developments in the world economy and the global financial system.

- provide guidance to, and receive reports from, the Basel-based central bank committees: the Committee on the Global Financial System (CGFS), Committee on Payments and Market Infrastructures (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the Markets Committee.

The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.


See also

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