Bank For International Settlements Purpose

Bank for international settlements bis.

Bank for international settlements purpose. History of the bis 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. Bank for international settlements is a financial chameleon. Read more about the bis. 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 for international settlements is based in basel switzerland and it operates representative offices in hong kong and mexico city. The bis carries out its work through its meetings programmes and through the basel process hosting international groups pursuing global financial stability and facilitating. 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. The bis was created out of the hague agreements of 1930 and took over the job of the agent general for repatriation in berlin.