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Bank for International Settlements (BIS)

Definition: [crh] An international bank headquartered in Basel, Switzerland, which serves as a forum for monetary cooperation among several European central banks, the Bank of JaDefinition: pan, and the US Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on interDefinition: national banking activity and promulgates rules concerning international bank regulation.

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