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Bank for International Settlements
(redirected from International Bank of 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.


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A combination of hard data from various sources, such as the World Bank and the International Bank of Settlements, and survey data collected as part of the forums executive opinion survey was used.
With regards to capital adequacy requirements, the UAE Central Bank wants the country's 19 national banks and 28 foreign banks to have a minimum adequacy requirement of 10 per cent - which is higher than the 8% set by the Basel Committee of the International Bank of Settlements (BIS).
 
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