Bank for International Settlements

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An international organisation fostering international monetary and financial cooperation, the BIS serves as a bank for central banks and also hosts a number of international organisations.

Customers are exclusively central banks and international organisations.

The BIS 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.

The BIS hosts a number of other bodies including the:

  • Basel Committee on Banking Supervision;
  • Financial Stability Board;
  • International Association of Insurance Supervisors (IAIS); and
  • International Association of Deposit Insurers.

The BIS is headquartered in Basel, Switzerland.

See also

External link