The BIS, Bank for International Settlements, is an international organization that serves as a bank for all central banks and fosters cooperation among them in order to achieve monetary and financial stability around the world. It conducts research and publish statistics on global banking, securities, foreign
exchange and derivatives markets. It acts as a forum where experts on monetary
and financial stability issues as well as on more technical issues such as legal
matters, reserve management, IT systems, internal audit and technical cooperation can discuss and provide direction to central bank policy making.
The CPSS, Committee on Payment and Settlement Systems, is the arm of the BIS that serves as a forum for central banks to monitor and analyse developments
in domestic payment, clearing and settlement systems as well as in
cross-border and multicurrency settlement schemes.
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