The Bank for International Settlements, or BIS, is an international financial institution owned by central banks, with its headquarters in Basel, Switzerland. It was set up in 1930 under the Young Plan to handle the payment of German reparations after the First World War and to promote cooperation among central bankers, which makes it the oldest international financial organisation. After the reparations system collapsed in the early 1930s, it took on new roles as a forum for central banks and a provider of banking services to them. The BIS hosts the Basel Committee on Banking Supervision, which produces the international banking standards known as the Basel Accords. Its work is mostly done out of public view and is aimed at financial stability.
Before and after
- c. 1930sComfort woman
- from 1930 to 1936Dust Bowl
- 1930Population transfer in the Soviet Union
- 20 January 1930Birth of Buzz Aldrin
- 20 January 1930Founding of Bank for International Settlements
- 23 January 1930Birth of Derek Walcott
- 18 February 1930Clyde Tombaugh discovers Pluto
- 8 March 1930Death of William Howard Taft
- 3 April 1930Birth of Helmut Kohl
More in Society, economy & sport
- from January 1918 to December 19201918–1920 flu pandemic
- 1919Founding of International Labour Organization
- 1919Founding of International Astronomical Union
- 7 September 1923Founding of Interpol
- 1928Introduction of Estonian kroon
- 5 September 1944Founding of Benelux
The era
This moment belongs to the Modern era (1914 CE to 1945 CE), world wars and a changing world. You can also browse everything in the 20th century.