Bank for International Settlements: Difference between revisions
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(BIS). | (BIS). | ||
An international organisation fostering international monetary and financial cooperation, the | 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. | 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 has 60 central banks as its members. | |||
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*International Association of Insurance Supervisors (IAIS); and | *International Association of Insurance Supervisors (IAIS); and | ||
*International Association of Deposit Insurers. | *International Association of Deposit Insurers. | ||
The BIS is headquartered in Basel, Switzerland. | |||
Revision as of 10:35, 29 October 2016
(BIS).
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 has 60 central banks as its members.
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.
