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Bank for International Settlements: Difference between revisions
Bank for International Settlements (view source)
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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. | ||
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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]] | ||