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Bank for International Settlements

The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks.[2] Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks.[3] With its establishment in 1929, its initial purpose was to oversee the settlement of World War I war reparations.[4]

Established

17 May 1930 (1930-05-17)

International financial institution

Central bank cooperation

47°32′53″N 7°35′31″E / 47.54806°N 7.59194°E / 47.54806; 7.59194

Central banks from 63 jurisdictions

Agustín Carstens

Board of directors[1]

1300

www.bis.org

The BIS carries out its work through its meetings, programmes and through the Basel Process, hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations.


The BIS is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

fostering discussion and facilitating collaboration among central banks;

supporting dialogue with other authorities that are responsible for promoting financial stability;

carrying out research and policy analysis on issues of relevance for monetary and financial stability;

acting as a prime counterparty for central banks in their financial transactions; and

serving as an agent or trustee in connection with international financial operations.

Bank regulation

Global financial system

SWIFT

Central bank digital currency

Official website

by Michael Hirsh, The New York Times, 2013 (a book review of Tower of Basel, Adam LeBor, 2014)

"They've Got a Secret"

by Edward Jay Epstein, Harper's, 1983.

"The Money Club"

Andrew Crockett statement to the IMF

at the Wayback Machine (archived February 4, 2012), by Henry C K Liu in the Asia Times.

An account of the use of reserve policy and other central bank powers in China

on YouTube, Timewatch, Paul Elston, producer Laurence Rees, narrator Sean Barrett (UK), BBC, 1998 (a video documentary about the BIS role in financing Nazi Germany)

Banking with Hitler

eabh (The European Association for Banking and Financial History e.V.)

in the Dodis database of the Diplomatic Documents of Switzerland

Bank for International Settlements

in the 20th Century Press Archives of the ZBW

Documents and clippings about Bank for International Settlements