Promoting global monetary and financial stability through international cooperation

The BIS promotes international cooperation among monetary authorities and financial supervisory officials through its Basel Process: the way in which the BIS promotes international cooperation among monetary authorities and financial supervisory officials. By offering a forum for discussion among central banks and other financial authorities, and by hosting and supporting international groups, the BIS, through the Basel Process, plays a key role in helping to strengthen the stability and resilience of the global financial system.

The BIS research and statistics functions help meet the needs of monetary and supervisory authorities for data and policy insight.

The BIS banking function provides prime counterparty, agent and trustee services appropriate to the BIS mission.

Through its Financial Stability Institute (FSI), the BIS helps to foster a sound understanding of supervisory standards and practices globally and to assist in their implementation. The FSI helps to promote cross-sectoral and cross-border supervisory cooperation by facilitating policy discussions and the sharing of supervisory practices and experiences.

Cooperation with regional central bank groupings also helps to make information about BIS activities more widely known. This cooperation takes the form of participation in meetings by regional central bank groups and the organisation of ad hoc joint meetings or workshops.

History:

The Bank for International Settlements (BIS) was established in 1930 in Basel, Switzerland.

It is an international organisation, created pursuant to an international treaty (The Hague Agreements of 1930). Its shareholding members are central banks and monetary authorities.

The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.

BIS chronology: