Читать книгу Currency Trading For Dummies - Kathleen Brooks - Страница 69

The Bank for International Settlements (BIS) is the central bank for central banks. Located in Basel, Switzerland, the BIS also acts as the quasi-governmental regulator of the international banking system. It was the BIS that established the capital adequacy requirements for banks that today underpin the international banking system.

As the bank to national governments and central banks, the BIS frequently acts as the market intermediary of those nations seeking to diversify their currency reserves. By going through the BIS, those countries can remain relatively anonymous and prevent speculation from driving the market against them.

Market talk of the BIS being active in the market is frequently interpreted as significant reserve interest to buy or sell. Keep an eye out for market rumors of the BIS, but also keep in mind that the BIS performs more routine and smaller trade execution on behalf of its clients.