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.
References in periodicals archive ?
The review, released by the Bank of International Settlement (BIS) in March 2012, focuses on the volume of the forex market during the financial crisis, up until now.
Chinese banks are stepping in to take over the markets of Euro and Swiss banks, which are pulling out of Asia-Pacific, according to the Bank of International Settlements (BIS).
In addition, the database contains scaling data in accordance with recommendations from the Bank of International Settlements on how to collect and model operational risk events.
The Bank of International Settlements (BIS) has indicated that it is time to remove extraordinary stimulus measures.
Customers include Novartis Pharmaceuticals, Syngenta, Serono Biotech, Hewlett-Packard, Compaq, Bank of International Settlements, Union Bank of Switzerland, University of Basel, and others.
According to findings by the Bank of International Settlements (BIS), Austrian banks are the most exposed to Hungary.
The Bank of International Settlements (BIS) has called a meeting of bankers this weekend.
Uncertainty over the proposed Bank of International Settlements (BIS) capital adequacy changes could, however, have a limiting effect on ultimate volumes as market players begin to change the economics of such transactions, he concluded.
Bank of International Settlements (BIS) has announced that it has appointed a general counsel.
The role of the Bank of International Settlements in handling the Dutch sale clarifies the manner in which the Agreement is being implemented," she added.
Market value is the risk measure preferred by the Bank of International Settlements and other banking regulators worldwide.
A financial aid package to Mexico supported by the United States, the International Monetary Fund and the Bank of International Settlements was recently announced.