Basel’s Best-Kept Secret: The BIS Explained
- IWT
- Aug 11, 2025
- 1 min read
The Bank for International Settlements (BIS) is like the secret clubhouse for the world’s central banks—minus the treehouse and juice boxes.
🏦 What It Is
Founded in 1930, originally to handle German war reparations (because nothing says “fun” like post-WWI accounting).
Headquartered in Basel, Switzerland, with satellite offices in Hong Kong and Mexico City.
Owned by 63 central banks, representing about 95% of global GDP
🎯 What It Does
Acts as a bank for central banks—think of it as the bank’s bank.
Promotes global monetary and financial stability through cooperation, research, and policy development.
Hosts the Basel Committee, which sets international banking regulations (like Basel III—yes, the one that makes bankers sweat).
Provides banking services to central banks and international organizations (but not to regular folks like us).
🧠 Fun Fact
The BIS doesn’t deal with your checking account or crypto wallet. Instead, it’s the place where central bankers gather to sip espresso, swap spreadsheets, and quietly influence the fate of global finance
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