Bank for International Settlements
- = BISAn international bank that fosters cooperation among central banks and other agencies in pursuit of monetary and financial stability. The BIS was originally established in 1930 as a financial institution to coordinate the payment of war reparations between European central banks. It was hoped that the BIS, with headquarters in Basle, would develop into a European central bank but many of its functions were taken over by the International Monetary Fund (IMF) after World War II. Since then the BIS has fulfilled several roles including acting as a trustee and agent for such international groups as the OECD, the European Monetary System, and the IMF. The frequent meetings of the BIS directors have been a useful means of cooperation between central banks, especially in combating short-term speculative monetary movements. The BIS also sets capital adequacy ratios for banks in European countries. The original members were France, Belgium, West Germany, Italy, and the UK but now most European central banks are represented as well as the USA, Canada, and Japan. The London agent is the Bank of England, whose governor is a member of the board of directors of the BIS.
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Bank for International Settlements — The Bank for International Settlements (or BIS) is an international organization of central banks which fosters international monetary and financial cooperation and serves as a bank for central banks. cite web… … Wikipedia
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Bank for International Settlements — Banque des règlements internationaux Pour les articles homonymes, voir BRI et BIS. Siège de la BRI à Bâle (Suisse … Wikipédia en Français
Bank for International Settlements — noun the international bank for many of the world s central banks; located in Basel, Switzerland; established in 1930. Abbrev.: BIS … Australian English dictionary
Bank for International Settlements — /ˌbæŋk fə ɪntəˌnæʃ(ə)nəl set(ə)lmənts/ noun a bank (based in Basle) which acts as the clearing bank for the central banks of various countries through which they settle their currency transactions, and which also acts on behalf of the IMF.… … Dictionary of banking and finance
Bank for International Settlements — BIS An international bank that fosters cooperation among central banks and other agencies in pursuit of monetary and financial stability. The BIS was originally established in 1930 as a financial institution to coordinate the payment of war… … Accounting dictionary
Bank for International Settlements — Established in 1930 as an association of European national banks. It has provided a headquarters for the Committee of the Governors of the Central Banks and handles the European Monetary Cooperation Fund (EMCF) for the EC … Glossary of the European Union and European Communities
Bank for International Settlements — Fin see BIS … The ultimate business dictionary