What is BIS (Bank for International Settlements)?

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The Bank for International Settlements (BIS) is an international financial institution owned by 63 central banks that fosters global monetary and financial stability through international cooperation, serving as a bank for central banks and a forum for developing global regulatory standards, most notably the Basel Accords on banking supervision.

BIS (Bank for International Settlements)

What is BIS (Bank for International Settlements)?

What is the primary role of the BIS in setting global financial regulatory standards, and how do the Basel Accords impact international banking?

How does the BIS, through the Basel Committee on Banking Supervision (BCBS), address Anti-Money Laundering (AML) and Know Your Customer (KYC) risks in the global financial system?

What is the significance of the BIS Innovation Hub (BISIH) in developing 'compliance-by-design' solutions like Project Mandala for cross-border payments and sanctions screening?

Why is the BIS considered the 'bank for central banks,' and what specific financial services does it provide to its member institutions?

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