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Today in BIS News
Bank for International Settlements (BIS)
The BIS is the international organisation owned by central banks — the bank for central banks. Owned by 63 shareholding members that account for about 95% of world GDP.
Offices
- Headquarters: Basel, Switzerland
- Asia and the Pacific representative office: Hong Kong SAR
- Americas representative office: Mexico City
- Innovation Hub centres: Frankfurt/Paris, Hong Kong SAR, London, Singapore, Stockholm, Switzerland (Basel and Zurich), Toronto. NYIC (New York Fed) is a strategic partnership.
History
- 1930 — Founded under the Hague Agreements to handle German WWI reparations under the Young Plan; opens in Basel on 17 May 1930. Oldest international financial institution. (source)
- 1939–1945 — During WWII the Board suspends meetings; the Bank continues limited technical work. Controversies later arise over wartime gold dealings. (source)
- 1944 — Bretton Woods Conference votes to liquidate the BIS "at the earliest possible moment". The resolution is never carried out. (source)
- 1948 onward — Post-war focus shifts to European reconstruction and central-bank cooperation; the Bank becomes the standing meeting place for central bankers. (source)
- 1988 — Basel I (Basel Capital Accord): first international bank capital standard from the Basel Committee hosted at the BIS. (source)
- 2004 — Basel II: revised capital framework with three pillars (minimum capital, supervisory review, market discipline). (source)
- 2010 — Basel III: higher capital standards announced after the Great Financial Crisis. (source)
- Today — The "bank for central banks": banking services for central banks, host of the Basel Process committees, statistics, research and the BIS Innovation Hub. (source)
Official resources
- bis.org — Bank for International Settlements homepage — the bank for central banks
- bis.org — Official BIS press / media releases
- bis.org — Speeches by BIS management and central bankers
- bis.org — Flagship Annual Economic Report
- bis.org — BIS Data Portal and international banking / financial statistics
- bis.org — BCBS: Basel capital and supervisory standards (hosted by the BIS)
- fsb.org — FSB: G20 financial-stability coordination (secretariat hosted by the BIS)
- bis.org — CPMI: payments, clearing and settlement standards
- bis.org — BIS Innovation Hub centres for central-bank tech experiments
- bis.org — BIS Historical Archive
- bis.org — BIS 90 Years exhibition / museum-style history
Explainers
- en.wikipedia.org — Independent encyclopedia overview of the BIS
- federalreserve.gov — U.S. central bank; BIS shareholding member and frequent partner on Innovation Hub work
Member central banks
Africa
Americas
Asia-Pacific
Europe
Middle East