Bank for International Settlements (BIS)
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.
Nearby TermsBank discount basis Bank draft Bank for International Settlements (BIS) Bank holding company Bank Insurance Fund (BIF)
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University