Headquartered in Basel, Switzerland, the BIS also established two representative offices in the Hong Kong Special Administrative Region (SAR) and in Mexico City in July 1998 and November 2002, respectively. It expanded its membership base to 63 BIS member CBs and monetary authorities from¹:

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¹ In January 2020, the BIS Board of Directors invited the Central Banks of Kuwait, Morocco and Vietnam to become members of the BIS, marking its first expansion since 2011.

The BIS Representative Office for Asia and the Pacific, or Asian Office in Hong Kong SAR was established to strengthen cooperation among CBs in the region and provide a platform for policy discussions through research contributions and analytical work of the Asian central banking community.  In March 2001, the BIS established the Asian Consultative Council (ACC) to serve as the secretariat of the Asian Office and to further deepen the BIS’ engagement with the Asian CBs. The ACC comprises the Governors of 13 BIS member CBs in Asia and the Pacific region². The BSP has actively represented the Philippines in ACC meetings since 2003 and was chair of the ACC from 2014-2016.³

Banking services and risk control. The Asian Office's regional treasury dealing room was established in October 2000 to enhance the level of banking services and support to regional customers in managing their foreign exchange reserves. The dealing room also serves to broaden the Bank's investments in the region.

Asian Bond Funds. To foster the development of local currency bond markets in the region, the BIS managed the first Asian Bond Fund (ABF1), and is the administrator for ABF2, the second Asian Bond Fund pooling pan-Asian investments and eight (8) local funds with private sector participation, for the eleven (11) members of the Executives' Meeting of East Asia-Pacific Central Banks (EMEAP). The Asian Office provides local support to these initiatives, including analytical work on bond markets in the region. As part of Innovation BIS 2025, the Asian Office, thru the ACC will continue to broaden the BIS’ engagement in regional financial markets including asset management.

Research.  Studies are often undertaken in collaboration with central banks and supervisory authorities in Asia and the Pacific, including members of two Asian Research Networks, one for monetary policy and exchange rates and the other for financial markets and institutions.

Please see this link for the Asian Office Research:
https://www.bis.org/about/repoffice_asia/aoresearch.htm

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² The BIS member CBs represented in the ACC are those of Australia, China, Hong Kong SAR, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam.
³ The then Governor Amando M. Tetangco, Jr. chaired the ACC from April 2014 to March 2016.