Bank of International Settlements (or BIS) is an international organization of central banks which exists to “foster cooperation among central banks and other agencies in pursuit of monetary and financial stability”. It was an outcome of the Hague convention of

The Bank for International Settlements (BIS) was established in 1930 as an outcome of the Hague Convention. It serves as a bank for central banks and fosters international monetary and financial cooperation. The BIS played a crucial role in post-World War I financial stabilization and continues to be important in global finance.