Definition for : BIS or Bank for International Settlements

"Bank for International Settlements" ("BIS") designates the international financial institution which acts as the central bank of the national central banks and of some supranational organisations, such as the European Central Bank (ECB). BIS receives deposits from, and makes loans to, these entities. BIS is also a forum to discuss co-ordination of macroeconomic policies in general, with a focus on monetary policies, such as the evolution of Interest rates and currency exchange rates. The organisation's prime objective is the overall stability of the world's Financial system. In that context, capital adequacy ratios applicable to banks are set up by the Basel Committee which is part of BIS. www.bis.org

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