Bank for International Settlements

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. Bloomberg Financial Dictionary

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Bank for International Settlements ˌBank for Interˌnational ˈSettlements abbreviation BIS noun BANKING ORGANIZATIONS
an organization based in Switzerland that organizes regular meetings between representatives from the main banks of different countries, to exchange information on international trade, payment systems etc

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   ► See BIS.

Financial and business terms. 2012.

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