The Bank for International Settlements

The Bank for International Settlements functions as a prime counterparty for central banks in their financial transactions.

The Bank for International Settlements (BIS) is an international financial organization that is responsible for serving central banks in their pursuit of monetary and financial stability, fostering international cooperation in those areas, and acting as a bank for central banks. The bank is the world’s oldest international financial organization and it has 60 member central banks, representing countries from around the world that together make up about 95% of world GDP. Its customers are central banks and international organizations and it does not accept deposits from or provide financial services to private individuals or corporate entities. The Bank for International Settlements’ duties include: fostering discussion and facilitating collaboration among central banks; supporting dialogue with other authorities that are responsible for promoting financial stability; carrying out research and policy analysis on issues of relevance for monetary and financial stability; acting as a prime counterparty for centr...