The Bank for International Settlements is an international organisation based in Basel, Switzerland, that fosters international monetary and financial co-operation and serves as a bank for central banks and international financial organizations. It accepts deposits from central banks and also makes short-term loans to them. The BIS is concerned with safeguarding the stability of international financial markets and ensuring that all banks have sufficient capital to support their operating needs. It acts as a forum for regular meetings of the central bank governors of the G10 group of industrialised countries. Established in 1930, it is the world's oldest international financial organisation. The Basel Committee of the BIS issues standards and guidelines for best banking practice, known as the Basel Accords.

See also: http://www.bis.org/