The Bank for International Settlements (BIS) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." As an international institution, it is not accountable to any single national government.
The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.
Read more about Bank For International Settlements: History, Organization of Central Banks, Tier 1 Versus Total Capital, Goal: A Financial Safety Net, Role in Banking Supervision, Accounting and Use of SDRs, Members, General Managers, Board of Directors
Famous quotes containing the words bank and/or settlements:
“The English language is like a broad river on whose bank a few patient anglers are sitting, while, higher up, the stream is being polluted by a string of refuse-barges tipping out their muck.”
—Cyril Connolly (1903–1974)
“That those tribes [the Sac and Fox Indians] cannot exist surrounded by our settlements and in continual contact with our citizens is certain. They have neither the intelligence, the industry, the moral habits, nor the desire of improvement which are essential to any favorable change in their condition.”
—Andrew Jackson (1767–1845)