Bank For International Settlements Definition

Bank for international settlements in british english.

Bank for international settlements definition. Bank for international settlements bis an international bank situated in basle and established in 1930 that originally acted as a coordinating agency for the central banks of germany france italy belgium and the uk in settling balance of paymentsimbalances and for other intercentral bank dealings. An international organization founded in 1930 to foster international monetary and financial cooperation and to serve as a bank for central banks. Bank for international settlements bis an international bank situated in basle and established in 1930 that originally acted as a coordinating agency for the central banks of germany france italy belgium and the uk in settling balance of payments imbalances and for other intercentral bank dealings. Bis research focuses on policy issues of core interest to the central bank and financial supervisory community.

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. It also provides banking services but only to central banks and other international. Nowadays its membership comprises all western european central banks together with those of the usa canada and japan. 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.

The bank for international settlements bis is an intergovernmental organization of central banks which fosters international monetary and financial cooperation and serves as a bank for central banks it is not accountable to any national government. Updated 17 october 2016. 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. Its head office is in basel switzerland.

The committee on payments and market infrastructures cpmi provides this glossary of payments and market infrastructure terminology as a reference to the standard terms and definitions used in connection with payment clearing settlement and related arrangements. Updated may 18 2018 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.