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Bank for International Settlements
(redirected from Bank of International Settlement)

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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.


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Bank of International Settlement reported that Iran's foreign deposits in the first quarter of 2009 reached $$39.
These concerns are punctuated by reports coming from the Bank of International Settlements meeting this week in Switzerland.
Lawyers hope to establish a third-party account in Switzerland's Bank of International Settlements in the next few days ready to deposit pounds 6m to families of each of the 270 people killed in the 1988 attack,according to the Washington Post.
 
 
 
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