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 Bank of International Settlements (BIS) has said that banks could be using techniques similar to the ones used by Lehman Brothers to hide debts.
The Bank of International Settlements (BIS) has opined that cryptocurrencies are not scalable, meaning their efficiency would drop proportional to the number of people using them.
The Bank of International Settlements (BIS) has warned that risks are building up in the Australian credit markets.
Carstens said, 'I hope that everything is in place by the time I begin working in the Bank of International Settlements.' Carstens is to take over as head of the Basel-based Bank of International Settlements after he quits the central bank.
The Bank of International Settlements has opined that nations such as Australia, which escaped the financial crisis, could be under risk of high household debts.
The Bank of International Settlements (BIS) has predicted a banking crisis in China within three years.
A report prepared by Bank of International Settlements (BIS) has suggested that India is less vulnerable to risks than China or Brazil.
Commercial as well as central banks around the world are said to be implementing 'extensive contingency plans' following the Brexit vote, the Bank of International Settlements said.
Saudi Arabia was deemed compliant with the rules by the Bank of International Settlements in September, while Kuwait has said it will implement them by December 2016.
The Bank of International Settlements (BIS) has announced the finding that there is only a weak connection between economic growth and shrinking prices.
The Bank of International Settlements has said that there is no scope for collateral scarcity, an apprehension that has been raised by some people in the banking industry.
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).