Bank For International Settlements Bis
It also provides banking services but only to central banks and other international.
Bank for international settlements bis. The bank for international settlements bis is an international financial institution that aims to promote global monetary and financial stability through the coordination of global central banks. Headquartered in basel switzerland the bank for international settlements bis is a bank for central banks. Founded in 1930 the bank for international settlements is the oldest global financial. The bank for international settlements is an international financial institution owned by central banks which fosters international monetary and financial cooperation and serves as a bank for central banks.
Bis research focuses on policy issues of core interest to the central bank and financial supervisory community. John maynard keynes wanted it closed down as it was used to launder money for the nazis in world war ii. 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. 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 bis is the most obscure arm of the bretton woods international financial architecture but its role is central.