Bank for International Settlements
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(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 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
- Bank of England
- Bank supervision
- Basel Committee on Banking Supervision
- BIS Innovation Hub
- Board of Governors of the Federal Reserve System
- Central bank
- European Central Bank
- Financial Stability Board
- FX Global Code
- International Association of Deposit Insurers
- International Association of Insurance Supervisors
- Markets Committee
