What Is The Bank of International Settlements?

Switzerland is known for playing a central role in the global financial system. The nation’s stance of neutrality has earned it a position of trust in the financial system and the monetary system. 

It’s no surprise that the Bank of International Settlements is based in Basel Switzerland. 

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.

Because of the neutral position of this Swiss entity, the BIS is involved in many global initiatives. They host close to 200 meetings a year at their Basel headquarters. Every 8 weeks, the governors of the members central banks all meet at this location.

The BIS is working hard to understand the global plumbing for central banks in particular. There are a number of pilot projects aimed at improving the global plumbing for central banks in particular relating to the rollout of central bank digital currencies across the globe.

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Host: Victor Menasce

email: podcast@victorjm.com