Bank for International Settlements

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Bank for International Settlements (BIS)

An international bank headquartered in Basel, Switzerland, which serves as a forum for monetary cooperation among several European central banks, the Bank of Japan, and the US Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international banking activity and promulgates rules concerning international bank regulation.

Bank for International Settlements

An international organization composed of central banks that helps ensure the proper flow of money throughout the global economy. Based in Basel, Switzerland, the BIS seeks to increase transparency in monetary policy throughout the world, and to apply international standards where it is believed they are appropriate. The BIS regulates capital adequacy and encourages transparency in reserve requirement policies. Importantly, it does not provide financial aid to members. Critics allege that its standards are unenforceable. See also: International Monetary Fund.

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. Nowadays its membership comprises all western European central banks together with those of the USA, Canada and Japan. Although the INTERNATIONAL MONETARY FUND is the main institution responsible for the conduct of international monetary affairs, the BIS is still influential in providing a forum for discussion and surveillance of international banking practices.
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Sponsoring organizations are the following: Bank of Algeria, National Bank of Belgium, Central Bank of Brazil, Bank of Canada, People's Bank of China, Bank of England, European Central Bank, Bank of France, Deutsche Bundesbank, Bank of Greece, Hong Kong Monetary Authority, Central Bank of Iceland, Bank of Italy, Bank of Japan, Netherlands Bank, Norges Bank, Bank of Portugal, Central Bank of Russian Federation, Monetary Authority of Singapore, Bank of Spain, Sveriges Riksbank, Swiss National Bank, Central Bank of Turkey, Federal Reserve Board, and Bank for International Settlements.
The Basel-based Bank for International Settlements requires banks operating internationally to have capital equal to 8% of their risk-weighted assets.
Representatives of the International Monetary Fund, the World Bank, the Bank for International Settlements and the Asian Development Bank are also attending the meeting.
The Bank for International Settlements (BIS) announced Monday that it has set up an Asian Consultative Council (ACC) to provide better input on the financial situation in the Asia-Pacific region.
The Bank for International Settlements (BIS) in Basle, Switzerland (a consultative forum for major central banks) has recently published a series of reports covering various aspects of the wholesale payments system,(2) the purposes of which are, first, to inform central bankers and payments-system participants about current practices in wholesale payments systems, and second, to provide a central-bank perspective on how various changes to these practices could enhance the safety and efficiency of wholesale payments systems.
said pressure has been put on the Japanese banks by the Bank for International Settlements (BIS) to carry a higher equity-to-capital ratio.
OpenLink's global client base includes 70+ clients such as Austin Energy, HESS Corporation, Banco Central de Costa Rica, Banco de Mexico, Bank of America, Bank for International Settlements, Bank of Canada, HBOS Treasury Services, Bridgeline Holdings, Calyon, Coral Energy, Citigroup Global Market, Inc.
The Bank for International Settlements (BIS) has said that pumping money into the economy by buying securities would not be effective for the long term.
Moreover, the mechanism includes the exchange of supervisory information according to local laws of each jurisdiction and within the Bank for International Settlements and home/host country s supervisory authorities, and information sharing, which would add to the enhancement of the financial system in the UAE and the Republic of Kazakhstan.
AaThe rankings are based on Tier One capital at year-end 2008 as defined by the Basel Bank for International Settlements.
The Bank for International Settlements (BIS) is an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks.
Therefore it is not surprising that for decades the Bank for International Settlements in Basel--"a central bankers' bank" and reclusive meeting place for those who pull the levers of global finance--has been shrouded in mystery.