Bank for International Settlements


Also found in: Dictionary, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.
Related to Bank for International Settlements: International Monetary Fund, World Bank

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.
References in periodicals archive ?
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.
The Bank for International Settlements, which is an international organization of central banks, said the yuan along with the Mexican peso, which rose to No.
BEIRUT: Figures released by the Bank for International Settlements (BIS) show that Lebanon's external debt totaled $25.
8 trillion in March last year to just under $31 trillion in December, according to the Bank for International Settlements (BIS), the coordinating body for the world's central banks.
As part of the agreement, the central bank becomes the lead regulator for the payment systems implemented under Rapid and has ultimate responsibility to ensure that Rapid complies with the Core Principles for Systemically Important Payment Systems (CPSIPS) as issued by the Bank for International Settlements (BIS).
53 billion was held in foreign central banks and the Basel-based Bank for International Settlements, $25.
Travel the hallways of the Bank for International Settlements (BIS), the secretive global central banker information exchange of sorts in Basel, Switzerland, and four names rise quickly to the surface: Christian Noyer, Mario Draghi, Mervyn King, and Jurgen Stark.
org) hosted by the Bank for International Settlements.
You have to take into consideration the possible uncertainty in 2004," Maman Somantri, deputy governor of Bank Indonesia, said in an interview in Bangkok before attending a meeting organised by the Bank for International Settlements.
The account is held with the 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.