Bank for International Settlements

Bank for International Settlements
	BIS tower in Basel
	BIS members
Established	17 May 1930
Type	International financial institution
Purpose	Central bank cooperation
Location	Basel, Switzerland (Extraterritorial jurisdiction);
Coordinates	47°32′53″N 7°35′31″E
Membership	Central banks from 63 jurisdictions
General manager	Agustín Carstens
Main organ	Board of directors
Staff	1300
Website	www.bis.org

The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1929, its initial purpose was to oversee the settlement of World War I war reparations.

The BIS carries out its work through its meetings, programmes and through the Basel Process, hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations.

The BIS is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.