Bank for International Settlements: Difference between revisions
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Customers are exclusively central banks and international organisations. | Customers are exclusively central banks and international organisations. | ||
It was established by agreement between the parties (plus Switzerland) to arrangements after World War I for payment of reparations by Germany to the principal allied victors. Its mandate and membership was extended and it now a principal hub of cooperation between central banks and non-central-bank bank supervisors generally. | It was established by agreement between the parties (plus Switzerland) to arrangements after World War I for payment of reparations by Germany to the principal allied victors. Its mandate and membership was extended and it is now a principal hub of cooperation between central banks and non-central-bank bank supervisors generally. | ||
Revision as of 10:12, 17 August 2016
(BIS).
An international organisation fostering international monetary and financial cooperation, the Bank serves as a bank for central banks and also hosts a number of international organisations.
Customers are exclusively central banks and international organisations.
It was established by agreement between the parties (plus Switzerland) to arrangements after World War I for payment of reparations by Germany to the principal allied victors. Its mandate and membership was extended and it is now a principal hub of cooperation between central banks and non-central-bank bank supervisors generally.
It has 60 central banks as its members.
