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 ...

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center