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Investing Glossary:
Bank for International Settlements (BIS)
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Bank for International Settlements (BIS)
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| Definition: |
| 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.
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