BANK FOR INTERNATIONAL SETTLEMENTS (B.I.S.)


Meaning of BANK FOR INTERNATIONAL SETTLEMENTS (B.I.S.) in English

An international bank headquartered in Basel, Switzerland, which serves as a forum for monetary cooperation among several European central banks, the Bank of Japan, and the U.S. Federal Reserve System . Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international banking activity and promulgates rules concerning international bank regulation.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.