Bank for International Settlements


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Related to Bank for International Settlements: International Monetary Fund, World Bank

Bank for International Settlements

(BIS), international financial institution est. (1930) in Basel, Switzerland, by bankers and diplomats from Europe, the United States, and Japan. It was originally set up to facilitate Germany's World War I reparation payments (a purpose that was soon abandoned). After World War II, BIS directors were accused of having helped to sell assests obtained illegally by the Nazis from occupied countries, but efforts to scrap the bank failed. The BIS later facilitated Marshall PlanMarshall Plan
or European Recovery Program,
project instituted at the Paris Economic Conference (July, 1947) to foster economic recovery in certain European countries after World War II. The Marshall Plan took form when U.S. Secretary of State George C.
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 payments (1947 on), acted for the Organization for European Economic Cooperation (1950–58), and helped establish the European monetary union (1960s on). Today its purpose is to serve central banks in their search for financial and monetary stability, to foster international monetary and financial cooperation, and to act as a bank for its members, which consist of 60 central banks and monetary authorities (including the European Central Bank). The BIS is a limited-share company and an international organization, not accountable to any nation but answerable to international law. The BIS promotes discussion and collaboration among central banks, conducts research on matters relating to central banks, acts as a counterparty for central banks in their financial operations, and serves as an agent or trustee in matters related to international finance.

Bibliography

See A. LeBor, Tower of Basel (2013).

References in periodicals archive ?
See Humphrey, Pulley, and Vesala (1996) for a comparison of G-10 countries' retail payments systems or Bank for International Settlements (1993b) for details on both retail and wholesale components of payments systems in the G-10 countries.
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.
6% from the end of September, the Bank for International Settlements (BIS) said in a report Tuesday.
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.
6% drop from the end of September, the Bank for International Settlements (BIS) said in a report released Tuesday.
Action seeking damages in connection with gold market activities and the repurchase of privately-owned shares of the Bank for International Settlements.
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.
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.
05 billion were at foreign central banks and the Swiss-based Bank for International Settlements, $42.
This product encompasses the international standards agreed upon in July 1988 at the Bank for International Settlements.
That would enable the banks to escape capital rules set by the Bank for International Settlements (BIS), he said.