Bank for International Settlements

The Bank for International Settlements – or BIS – is the world’s oldest financial organisation.

Founded in 1930, its headquarters are located in Basel, Switzerland.

It acts as a bank for 60 central banks, including the National Bank of Belgium.

Its main goal is to encourage cooperation between central banks and international supervisory authorities.

That’s why the BIS organises and hosts committees where senior officials from all sides can work together more effectively and find areas of agreement, like the famous “Basel Accords”, which deal with banking supervision.