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Bank For International Settlements

The Bank for International Settlements (BIS) is the world's oldest international financial organization, established in 1930 and headquartered in Basel, Switzerland. BIS has 60 member central banks representing countries that make up 95% of global GDP. Its mission is to serve central banks in maintaining monetary and financial stability internationally through collaboration, research, and acting as a prime counterparty for central bank financial transactions. As a bank, BIS only serves central banks and international organizations, not private individuals or corporations.

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47 views2 pages

Bank For International Settlements

The Bank for International Settlements (BIS) is the world's oldest international financial organization, established in 1930 and headquartered in Basel, Switzerland. BIS has 60 member central banks representing countries that make up 95% of global GDP. Its mission is to serve central banks in maintaining monetary and financial stability internationally through collaboration, research, and acting as a prime counterparty for central bank financial transactions. As a bank, BIS only serves central banks and international organizations, not private individuals or corporations.

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Stan lee
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Bank for International Settlements

By Shubhra - February 27, 2016

Bank for International Settlements (BIS) was established on 17 May 1930.


The head office is in Basel, Switzerland and there are two representative
offices: in the Hong Kong Special Administrative Region of the People’s
Republic of China and in Mexico City.
BIS is the world’s oldest international financial organisation. It has 60 member
central banks, representing countries from around the world that together
make up about 95% of world GDP.

The mission of the BIS is to serve all the member central banks in their
monetary and financial stability, to maintain international cooperation between
banks and to act as a bank for central banks.

How BIS works to achieve its mission?

discusses and facilitates collaboration among central banks;


supports dialogue with other authorities that are responsible for promoting
financial stability;
carry out research and policy analysis on issues of relevance for monetary
and financial stability;
acts as a prime counterparty for central banks in their financial
transactions; and
serves as an agent or trustee in connection with international financial
operations.

With regard to its banking activities, the customers of the BIS are central banks
and international organisations. As a bank, the BIS does not accept deposits
from, or provide financial services to, private individuals or corporate entities.

BIS has a Basel Committee which provides a forum for cooperation on banking


supervisory matters. Basel Committee develops the Basel norms on Banking
Supervision, to strengthen the regulation, supervision and risk management of
the banking sector.

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