Bank for International Settlements: Difference between revisions
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The real men who run the universe from a bunker in Basel. | {{g}}The real men who run the universe from a bunker in Basel. | ||
The [[Bank for International Settlements]] (“'''[[BIS]]'''”) is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks”. You can just imagine the debauchery at the office Christmas party, can’t you. | The [[Bank for International Settlements]] (“'''[[BIS]]'''”) is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks”. You can just imagine the debauchery at the office Christmas party, can’t you. | ||
The [[BIS]] carries out its work through its meetings, programmes and through an ongoing series of [[Basel Accords]] — we're up to [[Basel III|number 3]] now – pursuing global domination did I say domination I mean financial stability. It is based in Basel, | The [[BIS]] carries out its work through its meetings, programmes and through an ongoing series of [[Basel Accords]] — we're up to [[Basel III|number 3]] now – pursuing global domination did I say domination I mean financial stability. It is based in Basel, [[Switzerland]], with representative offices in [[Hong Kong]] and Mexico City. | ||
Getting opinions on [[close out netting]] arrangements? that was [[BIS]]’ idea. A modern day [[Red Flag Act]]. [[Leverage ratio]]s? Yep, that was [[BIS]] too. | Getting opinions on [[close out netting]] arrangements? that was [[BIS]]’ idea. A modern day [[Red Flag Act]]. [[Leverage ratio]]s? Yep, that was [[BIS]] too. | ||
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*[[Basel Accords]] | *[[Basel Accords]] | ||
Latest revision as of 13:30, 14 August 2024
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The real men who run the universe from a bunker in Basel.
The Bank for International Settlements (“BIS”) is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks”. You can just imagine the debauchery at the office Christmas party, can’t you.
The BIS carries out its work through its meetings, programmes and through an ongoing series of Basel Accords — we're up to number 3 now – pursuing global domination did I say domination I mean financial stability. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.
Getting opinions on close out netting arrangements? that was BIS’ idea. A modern day Red Flag Act. Leverage ratios? Yep, that was BIS too.