Bank for International Settlements
 

Bank for International Settlements
Basel
BISBCHBB

Location: Centralbahnplatz 2
Basel
Switzerland

Postal Address: CH-4002 Basel
Telephone: (+41 61) 280 8080
Fax: (+41 61) 280 9100 and
(+41 61) 280 8100
Telex: 962 487 biz ch
SWIFT address: BISBCHBB
Website: www.bis.org
 

The Bank for International Settlements (BIS) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government. The BIS carries out its work through subcommittees, the secretariats it hosts, and through its annual General Meeting of all members. It also provides banking services, but only to central banks, or to international organizations like itself. Based in Basel, Switzerland, the BIS was established by the Hague agreements of 1930. The name of the BIS in German: Bank für Internationalen Zahlungsausgleich (BIZ), in French: Banque des Règlements Internationaux (BRI), in Italian: Banca dei Regolamenti Internazionali (BRI). It has representative offices in Hong Kong and Mexico City.

Organization of central banks
As an organization of central banks, the BIS seeks to make monetary policy more predictable and transparent among its 57 member central banks. While monetary policy is determined by each sovereign nation, it is subject to central and private banking scrutiny and potentially to speculation that affects foreign exchange rates and especially the fate of export economies. Failures to keep monetary policy in line with reality and make monetary reforms in time, preferably as a simultaneous policy among all 57 member banks and also involving the International Monetary Fund, have historically led to losses in the billions as banks try to maintain a policy using open market methods that have proven to be unrealistic. Central banks do not unilaterally "set" rates, rather they set goals and intervene using their massive financial resources and regulatory powers to achieve monetary targets they set. One reason to coordinate policy closely is to ensure that this does not become too expensive and that opportunities for private arbitrage exploiting shifts in policy or difference in policy, are rare and quickly removed.

Two aspects of monetary policy have proven to be particularly sensitive, and the BIS therefore has two specific goals: to regulate capital adequacy and make reserve requirements transparent.
 

Tier 1 vs. Total capital
The BIS sets "requirements on two categories of capital, Tier 1 capital and Total capital. Tier 1 capital is the book value of its stock plus retained earnings. Tier 2 capital is loan-loss reserves plus subordinated debt. Total capital is the sum of Tier 1 and Tier 2 capital. Tier 1 capital must be at least 4% of total risk-weighted assets. Total capital must be at least 8% of total risk-weighted assets. When a bank creates a deposit to fund a loan, its assets and liabilities increase equally, with no increase in equity. That causes its capital ratio to drop. Thus the capital requirement limits the total amount of credit that a bank may issue. It is important to note that the capital requirement applies to assets while the bank reserve requirement applies to liabilities." - from an extremely detailed and robust account of the use of reserve policy and other central bank powers in China
 

See also

Tier 1 capital

Tier 2 capital
Basel Committee Accords

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This directory is published solely as a courtesy. We assume no responsibility or liability for the accuracy or completeness of the listings or other information in the directory nor does we assume any obligation to update this information. The data contained in this directory has been compiled from a number of sources, however, we have not independently verified the data. Therefore you may wish to verify the data with your Bank institution.

This is a list of SWIFT codes. SWIFT codes are designated to banks in countries around the world by SWIFT, to assist in electronic banking affairs. There are over 7,500 "live" codes (for partners actively connected to the BIC network) and an estimated 10,000 additional BIC codes which can be used for manual transactions. ISO 9362 (also known as SWIFT or BIC code) is a standard format of Bank Identifier Codes approved by the International Organization for Standardization.
 

List of SWIFT Codes Worldwide

List of correspondent Banks networks worldwide with SWIFT CODE

Aargauische Kantonalbank - Arab Bank (Switzerland) Ltd. - Banca Arner S.A. - Banca Commerciale Lugano - Banca del Ceresio S.A. - Banca del Sempione SA - Banca dello Stato del Cantone Ticino - Banca Privata Edmond de Rothschild - Bank Coop AG - Bank EKI Genossenschaft - Bank for International Settlements - Bank Hugo Kahn & Co. AG - Bank J. Safra (Switzerland) Ltd. - Bank Julius Bär & Co. AG - Bank Leumi (Schweiz)AG -Bank Morgan Stanley AG - Bank Sal. Oppenheim jr. & Cie. - Bank Sarasin & Cie AG - Bank Vontobel AG - Banque Algérienne du Comm. Exterieur - Banque Audi (Suisse) S.A. - Banque Cantonale de Fribourg - Banque Cantonale de Genève - Banque Cantonale du Valais - Banque Cantonale Neuchâteloise - Banque Cantonale Vaudoise - Banque Cramer & Cie SA - Banque de Commerce & Placements SA - Banque de Dépots et de Gestion SA - Banque de Patrimoines Privés - Banque Heritage - Banque Morval SA - Banque Pasche SA - Banque Privée Edmond de Rothschild - Banque Safdié SA - Banque SCS Alliance SA -Basellandschaftliche Kantonalbank - Basler Kantonalbank - Baumann & Cie - Berner Kantonalbank - Bipielle Bank (Suisse) - BNP Paribas (Suisse) S.A. - BSI SA - C.I.M. Banque - Capital International S.A. - Centrum Bank AG - Corner Banca S.A. - Credit Europe Bank (Suisse) AG - Credit Suisse - Dreyfus Söhne & Cie AG - DZ Privatbank (Schweiz) AG - EFG Bank European Finance Group - Entris Banking AG - Falcon Private Bank Ltd. - Finter Bank Zürich - Graubündner Kantonalbank - Habib Bank AG Zürich - HSBC Private Bank (Suisse) SA - Hyposwiss Private Bank Genève SA - InCore Bank AG - Intesa Sanpaolo Private Bank (Suisse)SA - J&T Bank Schweiz AG - KBL (Switzerland) Ltd - La Roche & Co. Banquiers - Landolt & Cie - LGT Bank in Liechtenstein AG - Liechtensteinische Landesbank AG - Lombard, Odier Darier Hentsch & Cie. - Luzerner Kantonalbank - Mercantil Bank (Schweiz) AG - Migros Bank - Mirabaud & Cie Banquiers Privés - NBAD Private Bank (Suisse) SA - Nidwaldner Kantonalbank - Obwaldner Kantonalbank - Pictet & Cie - PKB Privatbank SA - Rahn & Bodmer Co. - Raiffeisen Bank (Liechtenstein) AG - Raiffeisen Schweiz Genossenschaft - RBS Coutts Bank AG - Rothschild Bank AG - Schaffhauser Kantonalbank - Schroder & Co. Bank AG - Schweiz Nationalbank - Schwyzer Kantonalbank - SG Private Banking (Suisse) SA - SIX SIS AG - SIX x-clear AG - SLB Commercial Bank AG - Spar- und Leihkasse Frutigen AG - St. Galler Kantonalbank - Swissquote Bank SA - Syz & Co Bank & Trust Ltd. - Thurgauer Kantonalbank - Timber Hill (Europe) AG - UBS AG - Union Bancaire Privée UBP - Valiant Bank - Valiant Privatbank AG - Verwaltungs- und Privat-Bank AG - Wegelin & Co. Privatbankiers - Zuger Kantonalbank - Zürcher Kantonalbank