Breaking Down Settlement Bank
The Bank for International Settlements (BIS) is an international central banking organization that 'strengthens global financial and financial cooperation and acts as a central bank.' [2] He is not accountable to any government. The Bank conducts its work through sub-committees, secretaries and its annual general meeting of all members. It also performs banking services, but only to central banks, or international organizations like him. The Bank is headquartered in Basel, Switzerland, and was established in accordance with the Hague Conventions in 1930. The bank's name is In German: Bank für Internationalen Zahlungsausgleich (BIZ), In French: Banque des Reglements Internationaux (BRI) and In Italian: Banca dei Regolamenti Internazionali (BRI). He has representative offices in Hong Kong and Mexico City.
Index
1 History
Regulation of central banks
2.1 Regulation of capital adequacy
2.2 Promoting transparency regarding reserves
Goal: Monetary and financial stability
4 His role in banking supervision
5 Financial results
6 members
7 Driving
7.1 President\/Director-General
7.2 Vice-President
7.3 Board of Directors
8 Red Books
9 Bank's recommendations to avoid global financial crisis
9.1 Legal information format
9.2 Contingency plans
10 Cash
11 quotes
12 See also
13 Sources
14 external links
Date
The main building of the Bank for International Settlements in Basel, Switzerland.
The Bank for International Settlements was established on May 17, 1930 under an intergovernmental agreement from Germany, Belgium, France, Great Britain, Northern Ireland, Italy, Japan, the United States of America and Switzerland. The BIS was originally intended to facilitate the compensation imposed on Germany under the Treaty of Versailles after World War I. He suggested that a dedicated institution should be established in 1929 by the 'Youth' Committee, which had been agreed in August of that year at a conference in The Hague. The Bank's charter was drafted at the International Bankers' Conference in Baden-Baden in November, and its charter was adopted at the Second Hague Conference on January 20, 1930. According to the UN Charter, shares in the bank can be held by individuals and non-governmental entities. BIS has formed a presence of companies in Switzerland on the basis of an agreement with Switzerland behaves as a headquarters state as the bank. It also enjoys immunity in all contracting States.
Between 1933 and 1945 bis dominated management including Walter Funk, a prominent Nazi official, and Emile Puhl, who were both convicted of war crimes in the Nuremberg trials after World War II, as well as Herman Schmitz, director of IG Farben, and Baron von Schroeder, owner of the bank JHStein, which held deposits from The Glastabo. There were allegations that the BIS helped the Germans plunder assets from the occupied countries during World War II.
The Bank for International Settlements was originally owned by both governments, individuals and companies, but the United States and France decided to sell some of their shares to private investors. The Bank for International Settlements's shares are traded on stock markets, which has made the Bank an extraordinary institution: an international cartel organization (in the technical sense of public international law), but allows private shareholders. Many central banks began to move in this way to become private institutions, for example, the Bank of England became privately owned until 1946. In recent years BIS shares have been offered to trade all at once. It is now wholly owned by individuals, and operates in
Bank of Settlements warns of financial collapse
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July 22, 2014 12:00 AM 48
Figures - The Bank for International Settlements (BIS) has repeatedly warned that investors are not prepared for a possible financial collapse, according to Business Insider.
The bank's president, Jaime Caruana, who oversees global central banks, told The Telegraph that he believes the global economy is now at risk of entering into a crisis similar to the 2007 collapse, because not everyone understands that central banks will sooner or later start raising interest rates. Again.
The majority of major central banks, including the Bank of England and the U.S. Federal Reserve, keep interest rates near zero percent, boosting stock prices, because investors have no point in keeping their savings in banks in exchange for these very low returns, which leads them to pumped on global stock exchanges.
Caruana says the \"irrational\" bubble is forming in stock markets again, but he refused to predict when it would burst.
On the other hand, emerging markets have accumulated $2 trillion in foreign currency debt since 2008, exceeding the level reached during the East Asian crisis of the 1990s, so any potential crisis is likely to cause more serious damage.
Caruana argues that this is not the scary part of the issue, as China, in turn, is experiencing a surge in private credit, driven by low interest rates as well, especially since people tend to borrow when return on loans declines, raising concerns about the painful consequences of debt disposal.
