BIS (Bank for International Settlements)

The Bank for International Settlements (BIS) is an international financial institution that serves as a bank for central banks. Established in 1930 and based in Basel, Switzerland, it aims to promote monetary and financial stability globally. BIS facilitates cooperation among central banks, provides financial services, and conducts research on economic issues. By fostering dialogue and collaboration, it helps manage risks in the global economy and supports the stability of the international monetary system. Essentially, BIS plays a crucial role in ensuring that countries can work together to maintain financial security and stability.