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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 US 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.

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

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Bank for International Settlements (BIS)

BIS

Bank for International Settlements

international settlements

settlement

Basel

Switzerland

monetary cooperation

central banks

Bank of Japan

US Federal Reserve