Bank for International Settlements
About
- The Bank for International Settlements (BIS), headquartered in Basel, Switzerland, serves as the bank for central banks around the world.
- Established in 1930, it stands as the oldest global financial institution, adapting to meet the evolving needs of the international financial community.
- The BIS plays a crucial role in promoting monetary and financial stability worldwide by providing a forum for central bank cooperation.
- The BIS is owned by 63 central banks, representing countries from around the world (including Reserve Bank of India) that together account for about 95% of world GDP.