Bank for International Settlements

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Bank for International Settlements

BIS members
Established	17 May 1930
Type	International financial institution
Purpose	Central bank cooperation
Location	Basel, Switzerland
Coordinates	47°32′53″N 7°35′31″ECoordinates: 47°32′53″N 7°35′31″E
Membership	60 central banks
General manager	Jaime Caruana
Main organ	Board of directors[1]
Website	www.bis.org

The Bank for International Settlements (BIS) is an international financial institution^[2] owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks".^[3] The BIS carries out its work through its meetings programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. 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.

Contents

• 1 History
• 2 Organization of central banks
  • 2.1 Regulates capital adequacy
  • 2.2 Encourages reserve transparency
• 3 Goal: monetary and financial stability
• 4 Role in banking supervision
• 5 Financial results
• 6 Members
• 7 Leadership
  • 7.1 Chairman of the board and president
  • 7.2 Vice-chairman
  • 7.3 General managers
  • 7.4 Board of directors
• 8 Red Books
• 9 See also
• 10 References
• 11 External links