The Bank for International Settlements (BIS) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." As an international institution, it is not accountable to any single national government.
The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.
Read more about Bank For International Settlements: History, Organization of Central Banks, Tier 1 Versus Total Capital, Goal: A Financial Safety Net, Role in Banking Supervision, Accounting and Use of SDRs, Members, General Managers, Board of Directors
Famous quotes containing the words bank and/or settlements:
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
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