Bank for International Settlement


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Bank for International Settlement

The Bank for International Settlement was established under the law of Switzerland. It also has legal capacity pursuant to the municipal law of each of its member states, but it lacks international legal capacity. It was denied a specific international personality. The bank is, therefore, solely in the control of its members.

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The Bank for International Settlements (BIS) in Basle, Switzerland (a consultative forum for major central banks) has recently published a series of reports covering various aspects of the wholesale payments system,(2) the purposes of which are, first, to inform central bankers and payments-system participants about current practices in wholesale payments systems, and second, to provide a central-bank perspective on how various changes to these practices could enhance the safety and efficiency of wholesale payments systems.
Major organization : BANK FOR INTERNATIONAL SETTLEMENTS (BIS)
The Bank for International Settlements, which is an international organization of central banks, said the yuan along with the Mexican peso, which rose to No.
Summary: The Governor of Tunisia's Central Bank (BCT), Mr.Taoufik Baccar took part from June 27 to 28, 2010 in the works of the 80th General Assembly of the Bank for International Settlements (BIS) held in Basel, Switzerland.
It may deter the build-up in the private sector of imprudent foreign exchange exposures, the Bank for International Settlements said in its annual report.
Summary: Figures released by the Bank for International Settlements (BIS) show that Lebanon's external debt totaled $25.5 billion at the end of September 2009, ranking it in 41st place globally and in 14th place among developing countries with available figures.
Global cross-border lending by banks shrank almost $5 trillion in the nine months to last December, the sharpest fall ever recorded, a report from the Bank for International Settlements showed recently.
In its recent report, the Bank for International Settlements announced that Iran`s deposits in foreign banks increased by $3.5 billion during the third quarter of 2008 compared with the previous quarter reaching to $46.7 billion.
As part of the agreement, the central bank becomes the lead regulator for the payment systems implemented under Rapid and has ultimate responsibility to ensure that Rapid complies with the Core Principles for Systemically Important Payment Systems (CPSIPS) as issued by the Bank for International Settlements (BIS).
Of the deposits, $7.53 billion was held in foreign central banks and the Basel-based Bank for International Settlements, $25.88 billion in Japanese banks and $89.00 billion in foreign financial institutions.
Travel the hallways of the Bank for International Settlements (BIS), the secretive global central banker information exchange of sorts in Basel, Switzerland, and four names rise quickly to the surface: Christian Noyer, Mario Draghi, Mervyn King, and Jurgen Stark.
The Federal Reserve Board, along with the other sponsoring organizations of the International Journal of Central Banking (IJCB), announced on May 19, 2005, the publication of the journal's first issue and the launch of a web site (www.ijcb.org) hosted by the Bank for International Settlements. (1)