The Bank for International Settlements (BIS) is an international organization that supports cooperation among central banks and financial supervisors.
Core Functions
- forum for policy coordination among monetary authorities,
- research on monetary policy and financial stability,
- banking services for central banks,
- support for global prudential standard-setting processes.
Economic Importance
Cross-border banking and capital flows create spillovers that no single country can manage alone. BIS coordination helps policymakers compare risks, share data practices, and reduce regulatory arbitrage.
Policy Context
The BIS does not run national monetary policy, but it shapes global policy dialogue. Its committees and publications influence how countries think about systemic risk, capital standards, and crisis resilience.