Bank for International Settlements (BIS) - an international financial organization that brings together major banks around the world.It is designed to regulate relations between the banks and the facilitation of international payments between them.In addition, BIS carries out research in the field of monetary policy and the relationship developed economies.
structure BIS
With BIS multilateral activities linked to virtually all European central bankers.Bank for International Settlements helps wise to place foreign exchange reserves and is a kind of forum for the exchange of cooperation between the two countries.This BIS invests in traditional schemes using standard financial instruments (deposits in commercial banks, short-term investments in securities, etc.).Such operations are currently the main activities of the bank, as well as market statistics.
If we look at the BIS from the legal point of view, it is a corporation founded in 1930 on the basis of the Hague Agreement.The Bank's activities carried out under the supervision of the Board of Directors, which includes the control of major banks in France, Belgium, Italy, Germany and the UK.
activities BIS
According to the approved statutes, the Bank for International Settlements are not allowed to conduct operations with the real estate, in addition, he is not allowed to provide loans to governments and the opening of their individual accounts.In the course of banking operations BIS must take into account the monetary policy of the central bank's client.
is the responsibility of the international financial institutions also includes supervised international markets and the creation of a data bank for the central banks of the ten countries - Canada, Belgium, Italy, France, Japan, Sweden, USA, UK, Netherlands, Germany and Switzerland.
The composition of the BIS includes 56 central banks, including the Bank of Russia.Corporate Headquarters is located in Switzerland (Basel).Despite the fact that some functions of the organization today handed over to the International Monetary Fund (IMF), the Bank for International Settlements continued to monitor the settlements between the major banking institutions to issue debt and guarantees to accept deposits and to act as a financial intermediary.
But while the primary function of the BIS is the coordination of actions of major banks around the policy of monetary relations.First of all, it is the market currency.
Basel Committee in 1974 to standardize and improve the system of bank settlement was created by the Basel Committee.It is composed of representatives of the major banks, which four times a year are going to develop standards of banking institutions.First Bank for International Settlements under the control of the Basel Committee known for its survey and recommendations on issues of compliance of bank capital.It is worth noting that the committee's recommendations are not binding, but they are mainly accounted for in the legislation of the member countries.
