Bank for International Settlements

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Bank for International Settlements
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Products International organization that fosters the cooperation of central banks and international financial institutions
Web site www.bis.org

The Bank for International Settlements (BIS) [1] is an international organization fostering the cooperation of central banks and international financial institutions. Established in 1930, it is the world's oldest international financial organization. It is headquartered in Basel, Switzerland, and has two representative offices: one in the Hong Kong Special Administrative Region of the People's Republic of China and one in Mexico City.[2]

The BIS in May of 2017 released the final version of its code of conduct for the global foreign-exchange market. The code was designed to improve transparency and fairness in ethics, governance, execution, information sharing, compliance and trade settlement in FX trading in response to investigations into fraud committed by FX traders at a number of major banks.[3]

BIS Mandates

  • A forum to promote discussion and policy analysis among central banks and within the international financial community
  • A center for economic and monetary research
  • A prime counterparty for central banks in their financial transactions
  • An agent or trustee in connection with international financial operations

BIS Statistics

Given its connection between central banks and financial institutions globally, BIS statistics provide a thorough overview - and drilldown - into a number of areas of particular interest to financial institutions globally. These include data on:

  • Cross-border lending and borrowing of internationally active banks in key financial centers, including offshore centers (banking statistics) Locational banking statistics
  • Payment and settlement systems in major financial centers (payment statistics) Payment Systems
  • The International Association of Insurance Supervisors, which operates from the BIS, publishes data on the global reinsurance market.

Central Bank Web Sites

Not surprisingly, BIS lists Web sites for all Central Banks.

References

  1. "Bank for International Settlements”. BIS.
  2. About the BIS. BIS.
  3. BIS Releases New Set of Standards for Currency Trading. The Wall Street Journal.