Bank For International Settlements
History of the bis.
Bank for international settlements. The bank for international settlements is based in basel switzerland and it operates representative offices in hong kong and mexico city. The bank for international settlements bis is an international financial institution owned by central banks which fosters international monetary and financial cooperation and serves as a bank for central banks. Bank for international settlements international bank established at basel switzerland in 1930 as the agency to handle the payment of reparations by germany after world war i and as an institution for cooperation among the central banks of the various countries see young plan. The bis first opened its offices on may 17 1930.
The bank for international settlements was a joint creation in 1930 of the world s central banks including the federal reserve bank of new york. The bank for international settlements is an international financial institution that aims to promote global monetary and financial stability. Its existence was inspired by hjalmar horace greeley schacht nazi minister of economics and president of the reichsbank part of whose early upbringing was in brooklyn and who had powerful wall street connections. The bank for international settlements bis is an international organization which was formed in 1930 with the objective of serving the central banks of various nations aiding them to develop an environment of monetary and financial stability via concerted efforts to bring about international co operation.
The bank for international settlements is an international financial institution that aims to promote global monetary and financial stability. The bis s mission is to serve central banks in their pursuit of monetary and financial stability to foster international cooperation in those areas and to act as a bank for central banks. The bank of international settlement was established out of the hague agreement of 1930 among germany belgium italy france the united kingdom japan switzerland and the united states. Read more about the bis.