Wednesday, 19 July 2023

BIS

 BIS 

Established on 17 May 1930, the Bank for International Settlements (BIS) is the world’s oldest international financial organization.


The BIS has 60 member central banks representing countries from around the world that together make up about 95% of the world’s GDP.  


The head office is in Basel, Switzerland and there are two representative offices in the Hong Kong Special Administrative Region of the People’s Republic of China and in Mexico City.  


The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks. 


BIS pursues its mission by: 

  • Fostering discussion and facilitating collaboration among central banks 

  • Supporting dialogue with other authorities that are responsible for promoting financial stability. 

  • Carrying out research and policy analysis on issues of relevance for monetary and financial stability.  

  • Acting as a prime counterparty for central banks in their financial transactions 

  • Serving as an agent or trustee in connection with international financial operations.  

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