Monday Special - Basel's Banking Behemoth

- Central Banking staff
- 07 Jul 2003

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The BIS is most commonly understood to serve as a forum for central bankers and financial regulators to meet and discuss how to keep the world's financial system on the rails. Its role as a bank is often overlooked. The BIS's balance sheet is large enough to place it in the top 30 banks in the world. Centralbanknet visited Basel to find out what all this financial muscle is for.

As the central bankers' bank - some 130 central banks now hold their reserves there - the BIS holds 6.5% of the

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