About The Bank for International Settlements (BIS)

Home   »  About The Bank for International Settlements (BIS)

July 2, 2024

About The Bank for International Settlements (BIS)

The Bank for International Settlements (BIS) is an international financial institution that serves as a bank for central banks and promotes global monetary and financial stability.

Establishment: The BIS was established in 1930 and is headquartered in Basel, Switzerland. It is one of the oldest international financial organizations.

  1. Functions and Roles:
    • Central Bank Cooperation: The BIS provides a forum for central banks to exchange information and coordinate monetary and financial policies.
    • Research and Analysis: It conducts research on various economic and financial issues, producing reports and statistics that are widely used by policymakers, academics, and market participants.
    • Financial Services: The BIS offers banking services to central banks and international organizations, including investment services, credit facilities, and settlement services.
    • Regulatory Standards: It helps develop and implement international regulatory standards, such as those from the Basel Committee on Banking Supervision, which sets global standards for bank regulation.
  2. Governance:
    • Ownership: The BIS is owned by central banks, and its shareholders include 63 central banks and monetary authorities.
    • Structure: It is governed by a Board of Directors, which includes governors of central banks from member countries.
  3. Key Activities:
    • Basel Committee on Banking Supervision (BCBS): One of the most significant committees under the BIS, it formulates broad supervisory standards and guidelines and recommends statements of best practice in banking supervision.
    • Committee on the Global Financial System (CGFS): Focuses on monitoring and analyzing broad financial system trends.
    • Markets Committee: Monitors developments in financial markets and promotes the exchange of information and views among central banks.

Get In Touch

B-36, Sector-C, Aliganj – Near Aliganj, Post Office Lucknow – 226024 (U.P.) India


+91 8858209990, +91 9415011892


Subscribe now for latest updates.

Follow Us

© www.vaidicslucknow.com. All Rights Reserved.

About The Bank for International Settlements (BIS) | Vaid ICS Institute