BANKING AFFAIRS

Detailed explanation-1: -What is the Bank for International Settlements (BIS)? The Bank for International Settlements (BIS) started in 1930 and is owned by the central banks of different countries. It serves as a bank for member central banks, and its role is to foster international monetary and financial stability and financial corporation.

Detailed explanation-2: -The Bank for International Settlements (BIS) is an international financial institution owned by central banks that “fosters international monetary and financial cooperation and serves as a bank for central banks”.

Detailed explanation-3: -Established in 1930, the BIS is owned by 63 central banks, representing countries from around the world that together account for about 95% of world GDP.

Detailed explanation-4: -The BIS publishes three sets of statistics on foreign exchange markets: US dollar exchange rates, effective exchange rate indices, and spot and derivatives trading.

Detailed explanation-5: -The Bank for International Settlements (BIS) is an international financial institution offering banking services for national central banks and a forum for discussing monetary and regulatory policies. The BIS, which is owned by 63 national central banks, also provides independent economic analysis. 1.