Bank for International settlements
The Bank for international settlements (BIS), (Bank for International English Settlements) was created in 1930. It is oldest international Financial institution. Established within the framework of the Plane Young, regulating the methods of the war reparations imposed on Germany by the Treated of Versailles (from where its name), it was also used for to distribute the financings of the European rebuilding. Its initial function became obsolete, it naturally became the place of dialog of the central large banks.
Roles of the BISThe BIS has like functions:
- on the one hand to act of pivot for the systems of international monetary transactions;
- and especially to be the organization of coordination between the central large banks of the world, which are the shareholders and train his board of directors for it.
The monthly meeting of the board of directors, where the governors of the central large banks meet, allows also an abstract coordination of the monetary policies of the large countries.
Lastly, the BIS centralizes the collection and ensures the publication of many statistical data on banking and the financial markets.
Various committees cover great banking subjects: Basel committee one banking supervision, total Committee one the financial system, Committee one payment and settlement systems.
Official site (in English)
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