Bank for International Settlements (BIS)
Section | Details |
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Introduction | – Established: 1930 – Headquarters: Basel, Switzerland – Membership: 63 central banks – Objective: Promote global monetary and financial stability through international cooperation |
Objectives | – Monetary Stability: Support central banks in achieving monetary stability – Financial Stability: Enhance financial stability through collaboration – Banking Services: Provide exclusive banking services to central banks |
Reports and Indices | – Annual Economic Report: Global economic analysis and implications for stability (Annual) – BIS Quarterly Review: Insights on international banking and financial markets (Quarterly) – BIS Working Papers: Research findings on financial topics (Ongoing) – BIS Papers: Thematic papers on central bank issues (Periodic) – BIS Statistics: Data on global banking and financial activities (Regular updates) – Triennial Central Bank Survey: Analysis of global FX and OTC derivatives markets (Every three years) – BIS Bulletins: Timely notes on current events and policy issues (As needed) |
Instruments | – Central Bank Coordination: Facilitates international monetary cooperation – Research and Analysis: Informs central bank policy decisions – Banking Services: Includes foreign exchange and gold transactions |
Structure | – Board of Directors: Composed of representatives from member central banks – General Meeting: Annual assembly of central bank governors – BIS Innovation Hub: Drives innovation in central banking technology |
Initiatives | – BIS Innovation Hub: Fosters collaboration on financial technology innovations (2019) – Project Nexus: Develops instant cross-border payment systems (2021) – Project mBridge: Explores multi-central bank digital currencies (mCBDCs) for international settlements (2021) – Project Agorá: Examines the use of tokenization in financial markets (2024) – Green Bond Fund Initiative: Supports central bank investments in sustainable bonds (2019) |