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Topic: Bank for International Settlements


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In the News (Fri 25 Jul 08)

  
  Bank for International Settlements - MSN Encarta
The Bank for International Settlements (or BIS) is an international organization of central banks which exists to "foster cooperation among central banks and other agencies in...
Bank for International Settlements (BIS), an international bank founded in 1930 by the Hague Agreements to promote cooperation between national central banks, to provide facilities for international financial operations, and to act as agent or trustee in international financial settlements.
The bank is headed by a board of directors comprising the governors of the central banks of Belgium, France, Germany, Italy, and the United Kingdom; each may appoint another member of the same nation.
encarta.msn.com /encyclopedia_761579998/bank_for_international_settlements.html   (389 words)

  
  Bank for International Settlements - Wikipedia, the free encyclopedia
The Bank for International Settlements (or BIS) is an international organization of central banks which exists to "foster cooperation among central banks and other agencies in pursuit of monetary and financial stability".
While monetary policy is determined by each sovereign nation, it is subject to central and private banking scrutiny and potentially to speculation that affects foreign exchange rates and especially the fate of export economies.
The plan was agreed in August of that year at a conference at the Hague, and a charter for the bank was drafted at the International Bankers Conference at Baden Baden in November.
en.wikipedia.org /wiki/Bank_for_International_Settlements   (2923 words)

  
 Bank for International Settlements - Fedpoints - Federal Reserve Bank of New York
Established in 1930 in Basel, Switzerland, the Bank for International Settlements (BIS) is a bank for central banks.
When the BIS initially raised capital, participating banks were given the option to buy BIS shares or arrange for those shares to be bought by the public.
The Committee believed that the framework would strengthen the soundness and stability of the international banking system by encouraging international banking organizations to increase their capital positions.
www.ny.frb.org /aboutthefed/fedpoint/fed22.html   (1226 words)

  
 Bank of International Settlements - Fedpoints - Federal Reserve Bank of New York
Established in 1930 in Basel, Switzerland, the Bank for International Settlements (BIS) is a bank for central banks.
The BIS also provides a forum for international monetary cooperation, consultation, and information exchange among central bankers; conducts monetary, economic, and financial research, and acts as an agent or trustee for international financial settlements.
Currently, 86 percent of the shares of the BIS are registered in the names of central banks, and 14 percent are held by private shareholders.
www.newyorkfed.org /aboutthefed/fedpoint/fed22.html   (1224 words)

  
 Day, Professor John Percival, Bank for International Settlements
The plan of the Bank was outlined in the Young Report; on the 14th of November, 1929 a special Organisation Committee at Baden Baden drafted and published the Charter of the Bank and we are now waiting for the necessary treaties between the Powers to provide the basis for the application of the trust agreement.
The Bank is to be located at Basle and to receive a charter from the Swiss government; its capital is to be 500 million Swiss francs, the subscription of which is guaranteed in equal parts by the Central Banks of the seven Powers concerned; Britain, Germany, France, Belgium, Italy, Japan and the United States.
The management of the Bank is to be vested in a Board of Directors composed of the Governors of the seven Central Banks or their nominee substitutes, also seven persons representative of finance, industry, or commerce, one nominated by each Governor.
www.empireclubfoundation.com /details.asp?SpeechID=2809&FT=yes   (2703 words)

  
 Relations with the Bank for International Settlements
The National Bank of the Kingdom of Yugoslavia became a member of the Bank of International Settlements (BIS) in 1931.
An Extraordinary General Meeting (EGM) of the Bank for International Settlements that decided on the renewal of membership rights of the FR Yugoslavia with this bank also took a decision on the division of shares, gold and foreign exchange of the former SFRY deposited with the BIS.
These are the Central Bank of Bosnia and Herzegovina, the Croatian National Bank, the National Bank of the Republic of Macedonia, the Bank of Slovenia and the National Bank of Yugoslavia.
www.nbs.yu /export/internet/english/40/40_7/index.html   (302 words)

  
 Bank for International Settlements - Voyager, the free encyclopedia   (Site not responding. Last check: )
The need for the bank was suggested in 1929 by the Young Committee, as a means of transfer for German reparations payments.
As of March_31, 2005, the bank had total assets of U.S. $272 billion, given a dollar/SDR exchange rate of 1.51 for that date.
The BIS is a frequent target of allegations by conspiracy theorists, many of whom portray it as a front organisation through which a wealthy elite controls the world.
voyager.in /Bank_for_International_Settlements   (762 words)

  
 B.I.S. - ex-Nazi bank now the world central bank - The Bank for International Settlements, Basel, Switzerland
The Bank of France is seen as a puppet of the French government; to a lesser degree, the remaining European banks are also perceived by the inner club as extensions of their respective governments, and thus remain on the outside.
Yves Breart de Boisanger was the ruthlessly ambitious governor of the Bank of France; Alexandre Galopin of the Belgian banking fraternity was to be murdered in 1944 by the Underground as a Nazi collaborator.
Banks refer to the "cost of capital" as the earnings that are given up by holding capital earning whatever the assets are invested in (usually a low risk bond rate) versus the required shareholder return rate, which for banks is normally around 20% after tax.
www.bilderberg.org /bis.htm   (19583 words)

  
 The Bank for International Settlements
The international legal personality of the BIS and the privileges and immunities which it has enjoyed in Switzerland since its foundation were confirmed in the Headquarters Agreement which was concluded by the Bank with the Swiss Federal Council on 10th February 1987.
When the Bank's initial capital was issued, the subscribing institutions were given the option of taking up the whole of their respective national issues of shares or of arranging for those shares to be subscribed by the public.
The guiding principle that must be observed by the BIS in its banking operations is laid down in Article 19 of its Statutes, which states that: "The operations of the Bank shall be in conformity with the monetary policy of the central banks of the countries concerned".
www.mega.nu /ampp/bis.html   (4176 words)

  
 2000 Bank For International Settlements Report
That same year at the International Financial Conference in Brussels, which was under the umbrella of the League of Nations, finance ministry officials, central banker and private bankers from nearly 40 countries called for every country to have a central bank.
The seven central banks which formed the BIS were: the Bank of England, the Bank of France, the Bank of Belgium, the German Bundesbank, the Bank of Italy, the Bank of Switzerland and the Bank of Japan.
Banks, financial firms, private speculators and corporations play this game of "global roulette." This has increased the role which the BIS plays in the global markets as it has become concerned with "banking supervision" which is what the rest of this report will concentrate on.
www.womensgroup.org /2000bis_20010217.html   (4686 words)

  
 Bank For International Settlements (BIS)
An international organization fostering the cooperation of central banks and international monetary policy makers.
Established in 1930, it is the oldest international financial organization, and was created to administer the transaction of monies according to the Treaty of Versailles.
Essentially, the BIS is a central bank for central banks; it does not provide financial services to individuals or corporations.
www.investopedia.com /terms/b/bis.asp   (186 words)

  
 Handelshøjskolens Bibliotek & IT-Service - Institutional Repository   (Site not responding. Last check: )
The Bank for International Settlements (BIS) is the premiere international institution for the regulation of the world’s financial system.
While privately incorporated and underwritten by its member central banks, the BIS is fundamentally a service provider with quasi-non-governmental organization, ‘quango’, status.
This paper traces the evolution of this unique international quango, stressing the development of the Basle Accords of 1988 and 2004, and how the BIS uses informal and formal networks of elite policymakers to create a normative consensus that compensates for its lack of formal enforcement mechanisms.
ep.lib.cbs.dk /paper/ISBN/8791690110   (121 words)

  
 What Is The Bank For International Settlements?
The governors of member central banks meet at the BIS twice a month to share their experiences, and these meetings function as the core of central bank cooperation.
Other regular meetings of central bank executives and specialists, as well as economists and supervisory specialists, contribute to the goal of international cooperation, while also ensuring that each central bank serves its country effectively.
The BIS ensures liquidity for central banks by offering to buy back tradable instruments from central banks; many of these instruments have been specifically designed for the central bank's needs.
www.investopedia.com /articles/03/120903.asp   (962 words)

  
 BIS warns of Great Depression dangers from credit spree - Telegraph
The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.
The BIS, the ultimate bank of central bankers, pointed to a confluence a worrying signs, citing mass issuance of new-fangled credit instruments, soaring levels of household debt, extreme appetite for risk shown by investors, and entrenched imbalances in the world currency system.
The bank said it was far from clear whether the US would be able to shrug off the consequences of its latest imbalances, citing a current account deficit running at 6.5pc of GDP, a rise in US external liabilities by over $4 trillion from 2001 to 2005, and an unpredented drop in the savings rate.
www.telegraph.co.uk /money/main.jhtml?xml=/money/2007/06/25/cncredit125.xml   (620 words)

  
 The August Review - Global Banking: The Bank for International Settlements
Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent rewards in the business world."
The formation of the BIS was agreed upon by its constituent central banks in the so-called Hague Agreement on January 20, 1930, and was in operation shortly thereafter.
The Bank shall enjoy immunity from criminal and administrative jurisdiction, save to the extent that such immunity is formally waived in individual cases by the President, the General Manager of the Bank, or their duly authorised representative.
www.augustreview.com /index.php?option=com_content&task=view&id=7&Itemid=4   (4917 words)

  
 Bank For International Settlements: INTERVIEW-U.S. risks stagflation | Thought Criminal
Often described as the central banks' central bank, the BIS is the oldest international financial institution in the world, created in 1930 to oversee reparation payments imposed on Germany in the wake of World War One.
BIS staff and the Basel Committee on Banking Supervision are working on making the modern financial system safer, including demanding higher capital provision by banks for the more risky and exotic types of investment products developed in recent years.
But Knight is keen to reassure banks that despite the excesses that caused the current credit crisis, regulators are not bent on unlimited regulatory retaliation.
www.thought-criminal.org /article/node/1573   (884 words)

  
 Reserve Bank of New Zealand
The Reserve Bank of New Zealand's three main functions are: operating monetary policy to maintain price stability; promoting the maintenance of a sound and efficient financial system; and meeting the currency needs of the public.
The Reserve Bank of New Zealand Financial Stability Report was released on 7 May 2008.
The Reserve Bank today announced that it is adopting measures to ensure there is sufficient liquidity in the banking system in the event of further international financial market turbulence.
www.rbnz.govt.nz   (243 words)

  
 Bank for International Settlements Encyclopedia Articles @ SelectPicks.com (Select Picks)   (Site not responding. Last check: )
Bank for International Settlements Encyclopedia Articles @ SelectPicks.com (Select Picks)
Historically, the US also did this, by dividing federal monetary management into nine regions, in which the less-developed Western US had looser policies.
Another would be to require explicit capital adequacy measures, as the United Nations ICLEI agency recommends for local governments: the ecoBudget measure.
www.selectpicks.com /encyclopedia/Bank_for_International_Settlements   (2144 words)

  
 Bank for International Settlements -- settlement models   (Site not responding. Last check: )
Systems that settle transfer instructions for both securities and funds simultaneously on a trade-by-trade (gross) basis, with final (irrevocable and unconditional) transfer of securities from the seller to the buyer (delivery) occurring at the same time as final transfer of funds from the buyer to the seller (payment).
The securities settlement system maintains securities accounts for participants, but funds accounts are usually held by another entity (often a commercial bank or the central bank).
Settlement of funds accounts may occur once a day or several times a day.
www.globalcustody.net /bis.html   (415 words)

  
 Central Bank Cooperation at the Bank for International Settlements, 1930–1973 - Cambridge University Press
Central Bank Cooperation at the Bank for International Settlements, 1930–1973
This book covers the history of the Bank for International Settlements (BIS), the first-born among the international economic institutions, from its founding in Basel in 1930 to the end of the Bretton Woods system in 1973.
The last chapter is devoted to the involvement of central banks in the first timid steps towards European monetary unification and to the eurodollar market.
www.cambridge.org /0521845513   (402 words)

  
 Bank For International Settlements Calls For Global Currency
Bi-monthly, central bank ministers from 40 countries meet at the BIS to review ways “to promote the co-operation of central banks and to provide additional facilities for international financial operations.” Once a year the world’s central bankers meet in Basel to take a closer look at the status of the world’s central banking system.
The new patterns of booms and busts which the BIS refer to are not only man-made, as a result of the floating currency, but the highs and lows have been exacerbated by the fact that the barriers between the nation-states are gone.
The BIS recommends what several academics have suggested by way of establishing a single international currency or perhaps moving to regional currency blocks such as the dollar, euro and renimbi/yen.
www.prisonplanet.com /articles/august2005/030805globalcurrency.htm   (1157 words)

  
 Ming the Mechanic: Bank for International Settlements
Few people seem to be aware of the existence of the Bank for International Settlements, also known as the BIS Bank.
By commingling part of their reserves in what amounts to a gigantic mutual fund of short- term investments, the central banks create a convenient screen behind which they can hide their own deposits and withdrawals in financial centers around the world.
Well, the Bank for International Settlements is sort of the central bank for central banks.
ming.tv /flemming2.php/__show_article/_a000010-000574.htm   (4273 words)

  
 Global Banking: the Bank for International Settlements   (Site not responding. Last check: )
These restrictions are easily understood when one considers that each central bank has an exclusive franchise to loan money to their respective government.
Within the World Bank are two separate entities, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Remember, that almost all the central banks in the world are privately-held entities, with an exclusive franchise to arrange loans for their respective host countries.
www.red-ice.net /specialreports/2005/10oct/globalbank.html   (4773 words)

  
 forex bank international   (Site not responding. Last check: )
Pursuing its policy of market segmentation approach, the Bank opened 22 specialised branches during the year, taking the tally to 114.
international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study Triennial Central Bank...
UCO bank,International banking products,services and financial solutions.Some of the services provided are nri banking,foreign currency loans, finance services,forex services,treasury services.
www.koneksi.com /forex/forex-bank-international.php   (340 words)

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