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P.S.
AI Overview
The Bank for International Settlements (BIS) is an international financial institution owned by its member central banks that fosters global monetary and financial cooperation and serves as a bank for central banks. It acts as a forum for discussion, a center for research, and a prime counterparty for central banks in financial transactions. Established in 1930, its headquarters are in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.
Ownership:
The BIS is owned by member central banks, which collectively account for about 95% of world GDP.
Purpose:
Its primary goals are to promote international monetary and financial cooperation and stability, and to act as a bank for central banks. It does not provide services to private individuals or corporations.
Activities:
The BIS organizes meetings for central bankers, publishes research and statistics, and develops standards for international banking, such as capital and risk management regulations.
Structure:
Its management is directed by a General Manager who reports to the Board of Directors.
History:
It was established on May 17, 1930, in the context of the Young Plan to handle the German reparation payments from World War I, but its functions have since evolved to serve as a forum for central banks.
Ownership:
The BIS is owned by member central banks, which collectively account for about 95% of world GDP.
Purpose:
Its primary goals are to promote international monetary and financial cooperation and stability, and to act as a bank for central banks. It does not provide services to private individuals or corporations.
Activities:
The BIS organizes meetings for central bankers, publishes research and statistics, and develops standards for international banking, such as capital and risk management regulations.
Structure:
Its management is directed by a General Manager who reports to the Board of Directors.
History:
It was established on May 17, 1930, in the context of the Young Plan to handle the German reparation payments from World War I, but its functions have since evolved to serve as a forum for central banks.
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