Bank For International Settlements

Business, Legal & Accounting Glossary

Definition: Bank For International Settlements


Quick Summary of Bank For International Settlements


The central bankers’ bank, based in Basle, Switzerland. It aims to foster co-operation between central banks and other agencies to promote monetary and financial stability.



Full Definition of Bank For International Settlements


The Bank for International Settlements (BIS) is an international organization which fosters international monetary and financial cooperation and serves as a bank for central banks. It was originally formed by the Hague Agreements of 20 January 1930, with the purpose of facilitating Germany’s payment of reparations following World War I.

Today, the BIS is a focal point for research and cooperation in international banking regulation. It sponsors the Basel Committee.


Synonyms For Bank For International Settlements


BIS

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Definition Sources


Definitions for Bank For International Settlements are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 2 Views.