Bank for International Settlements (BIS)

The main activity of the Bank for International Settlements (BIS) is to promote global monetary and financial stability through international cooperation. The BIS acts as a bank for central banks and facilitates collaboration among them.

Its principal products and services include :

• The provision of banking and financial services to central banks and international institutions.
• The production of research and statistics on global monetary and financial issues.
• The coordination of international committees, such as the Basel Committee on Banking Supervision, which develops standards for banking supervision (e.g.: Basel III).
• The development of technological innovations for central banks via the BIS Innovation Hub.

The target market of the BIS is primarily composed of central banks, financial regulatory authorities and international financial institutions.

The Bank for International Settlements (BIS) is an international organization founded in 1930. Its main objective is to promote global monetary and financial stability through international cooperation among central banks and financial authorities.

Key stages of its development:

• Creation (1930): The BIS was created to facilitate payments related to reparations from the First World War and to serve as a bank for central banks.
• Evolution of its role: After the Second World War, the BIS refocused on international monetary cooperation, becoming a key forum for central banks.
• Development of products and services: The BIS provides banking services to central banks, publishes economic and statistical research, and organizes international meetings on financial stability.
• Committees and partnerships: The BIS hosts several important committees, including the Basel Committee on Banking Supervision, which develops global banking regulatory standards (notably the Basel I, II, and III accords).
• Innovation and technology: The creation of the BIS Innovation Hub aims to support central banks in adopting new technologies and to strengthen the resilience of the global financial system.
• Strategic changes: The BIS regularly adapts its priorities to address emerging challenges, such as the digitalization of finance, cybersecurity, and global financial stability.

Today, the BIS plays a central role in coordinating monetary policies, economic research, and financial innovation in the service of global stability.

The Bank for International Settlements (BIS) was founded in 1930 by a group of central banks and financial institutions from several countries. It does not have a single "founder," but results from an international agreement between several nations.

The main members of the BIS executive team are:

• Agustín Carstens – General Manager
• Luiz Awazu Pereira da Silva – Deputy General Manager
• Peter Zöllner – Head of the Banking Department
• Claudio Borio – Head of the Monetary and Economic Department
• Hyun Song Shin – Economic Adviser and Head of Research

The BIS Board of Directors is composed of governors of central banks and senior financial officials from different member countries.