🏛️✍️The BIS was established in 1930 to regulate settlement payments after World War I.
🌍🛠️The BIS operates in Basel, Switzerland and is not regulated by the Swiss government.
🌐🤝During World War II, the BIS continued its operations, working with central banks from different countries.
💰📊The BIS functions as a settlement center for central banks, facilitating transactions.
🧠💡The BIS also serves as a think tank for central bankers, producing policy and research papers.
Who founded the Bank for International Settlements?
—The BIS was founded by the central bankers of several countries, including France, England, and Germany.
Is the BIS regulated by the Swiss government?
—No, the BIS operates in Basel, Switzerland, but it has extraterritorial rights and is not regulated by the Swiss government.
Did the BIS operate during World War II?
—Yes, the BIS continued its operations during World War II, working with central banks from different countries.
What is the current role of the BIS?
—The BIS functions as a settlement center for central banks and also serves as a think tank for central bankers, producing policy and research papers.
Does the BIS have any supervising body?
—No, the BIS is not regulated or supervised by any external entity or government.
00:03The Bank for International Settlements (BIS) was established in 1930 to regulate settlement payments after World War I.
03:39The BIS operates in Basel, Switzerland and is not regulated by the Swiss government.
09:43During World War II, the BIS continued its operations, working with central banks from different countries.
10:11The BIS functions as a settlement center for central banks, facilitating transactions.
10:55The BIS also serves as a think tank for central bankers, producing policy and research papers.
13:35The BIS is not regulated or supervised by any external entity or government.
