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 ?
Table 2 Real-Time Gross Settlement (RTGS) Systems in G-10 Countries Country Name of RTGS System Year of Implementation Belgium ELLIPS 1996 Canada - - France TBF 1997 Germany EIL-ZV 1988 Italy BI-REL(*) 1997 Japan BOJ-NET 1988 Netherlands TOP(*) 1997 Sweden RIX 1986 Switzerland SIC 1987 United Kingdom CHAPS 1984 Euro version of CHAPS 1999 United States Fedwire 1918 * BI-REL and TOP replace previously existing RTGS systems BISS (implemented in 1989) and FA (implemented in 1985), respectively (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.
The list of currencies, which capture the vast majority of foreign exchange transactions conducted against the Canadian dollar, will reflect the combination of the top currencies by trading volume (based on the Bank for International Settlements Triennial FX Turnover Survey) and those of Canada's top trading partners (based on Statistics Canada's international merchandise trade data).
Of the deposits, $7.61 billion was held in foreign central banks and the Basel-based Bank for International Settlements, $27.63 billion in Japanese banks and $86.54 billion in foreign financial institutions.
The committee, which meets, and has its secretariat, at the Bank for International Settlements in Basel, Switzerland, has no formal authority.
The Bank for International Settlements as well as national central banks are thinking hard about this issue at present but no consensus has emerged as yet.
Lenders use repurchase agreements, or repos, to hide debts, the Bank for International Settlements said in its Annual Economic Report.
I he data arc collected by the Banque de France and contribute to the international survey of foreign exchange and over-the-counter lOUT derivatives market activity carried out every three years and coordinated by the Bank for International Settlements. The data include both over-the-counter transactions and those processed by clearing houses.
Of the deposits, $8.00 billion was held in foreign central banks and the Basel-based Bank for International Settlements, $40.00 billion in Japanese banks and $74.19 billion in foreign financial institutions.
TIE contributing editor Klaus Engelen interviews Andrew Crockett, General Manager, Bank for International Settlements.
The Bank for International Settlements (BIS) has said that it has appointed a new member to replace a departing member.
Moreover, the mechanism includes the exchange of supervisory information according to local laws of each jurisdiction and within the Bank for International Settlements and home/host country s supervisory authorities, and information sharing, which would add to the enhancement of the financial system in the UAE and the Republic of Kazakhstan.