Bank For International Settlements - BIS

AAA

DEFINITION of 'Bank For International Settlements - BIS'

An international organization fostering the cooperation of central banks and international monetary policy makers. Established in 1930, it is the oldest international financial organization, and was created to administer the transaction of monies according to the Treaty of Versailles. Among others, its main goals are to promote information sharing and to be a key center for economic research.

INVESTOPEDIA EXPLAINS 'Bank For International Settlements - BIS'

Essentially, the BIS is a central bank for central banks; it does not provide financial services to individuals or corporations. The BIS is located in Basel, Switzerland, and has representative offices in Mexico City and Hong Kong. Member banks include the Bank of Canada, the Federal Reserve Bank and the European Central Bank.

RELATED TERMS
  1. Federal Reserve Bank

    The central bank of the United States and the most powerful financial ...
  2. Committee On Payment And Settlement ...

    A committee made up of the central banks of G10 countries that ...
  3. Capital Requirement

    The standardized requirements in place for banks and other depository ...
  4. Basel Accord

    A set of agreements set by the Basel Committee on Bank Supervision ...
  5. Basel I

    A set of international banking regulations put forth by the Basel ...
  6. Basel II

    A set of banking regulations put forth by the Basel Committee ...
Related Articles
  1. Using Economic Capital To Determine ...
    Personal Finance

    Using Economic Capital To Determine ...

  2. Inside National Payment Systems
    Economics

    Inside National Payment Systems

  3. The Currency Market Information Edge
    Forex Education

    The Currency Market Information Edge

  4. Understanding The Basel III International ...
    Personal Finance

    Understanding The Basel III International ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center