The Bank for International Settlements is an international financial institution founded in 1930 and headquartered in Basel, Switzerland, owned and governed by its member central banks. It describes its own mission as supporting central banks' pursuit of monetary and financial stability through international cooperation, acting as a bank for central banks by providing them with banking services, hosting their standing committees, and coordinating international banking regulation such as the Basel Accords.
Facts
Founding Year Founding Date Headquarters Cross-Tradition Connections
Associated With
The Bank of England is among the member central banks that own and participate in the Bank for International Settlements, founded in 1930 to support cooperation among the world's central banks.
The Basel Committee's secretariat is hosted by the Bank for International Settlements in Basel, though the Committee is a distinct standard-setting body rather than a part of the BIS itself.
The European Central Bank is among the member central banks that own and participate in the Bank for International Settlements.
The Federal Reserve is among the member central banks that own and participate in the Bank for International Settlements, the institution that supports cooperation among the world's central banks.
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