Bank for International Settlements
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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 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.