The Bank of International Settlements

The Bank for International Settlements (BIS) is an international financial institution based in Switzerland that serves central banks around the world. It was established in 1930 to promote monetary and financial stability. The BIS provides a platform for cooperation among central banks, conducts economic research, and offers financial services. It also acts as a bank for central banks, helping them manage their reserves. By facilitating discussions and providing resources, the BIS plays a crucial role in maintaining global financial stability and addressing issues that affect the international economy.