Bank for International Settlements


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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 ?
Finally, the major banking groups in many European countries (for example, private commercial banks, state-owned savings banks, or co-operative banks) either clear interbank payments through the national central bank or operate their own centralized correspondent (or bankers' banks) that provide clearing and other services to the sector's members (see Bank for International Settlements, 1993b, pp.
Between 1934 and 1936, Keynes contributed three reviews to The Economic Journal on current international economic concerns, always using the current annual report of the Bank for International Settlements as the excuse," notes Donald Moggridge, who edited Keynes' economic articles and correspondence.
TIE: As general manager of the Bank for International Settlements, you are running what some call the "Bank of Central Banks, "an institution very much focused on monetary stability.
ACI and Global Insight collected historical and current data spanning 79 countries from multiple sources, including the Bank for International Settlements, industry databases and other published sources, and internal ACI customer and market information.
6% drop from the end of September, the Bank for International Settlements (BIS) said in a report released Tuesday.
Dudley made his comments in the text of remarks to be delivered before an event at the Bank for International Settlements in Switzerland.
Japan's economic slump will continue throughout 2002, central bank governors from 11 major countries agreed during a monthly meeting of the Bank for International Settlements (BIS) on Monday.
The Bank for International Settlements (BIS) collects both notional amounts and market values in its derivatives statistics and it is possible to use the BIS statistics to determine the amount at risk in the ISDA survey results.
According to the Bank for International Settlements (BIS), global banking activity increased in the third quarter of last year.
Action seeking damages in connection with gold market activities and the repurchase of privately-owned shares of the Bank for International Settlements.
05 billion were at foreign central banks and the Swiss-based Bank for International Settlements, $42.
OpenLink's global client base includes AMP Capital Investors, Austin Energy, Banco de Mexico, Bank of America, Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury PLC, Bridgeline Holdings, Citigroup Global Markets, Inc.