Most people know about the Fed or the ECB, but very few understand the role of the Bank for International Settlements (BIS). Founded in 1930, it has survived world wars and financial collapses, acting as a 'bank for central bankers' where the world’s most powerful financial minds meet behind closed doors in Basel.
My research for this video focused on how the BIS facilitates global liquidity and sets the 'Basel Accords' that dictate how much risk your local bank can take. It’s a fascinating look at a layer of global governance that has no voters and very little public oversight.
In an era of digital currencies and increasing financial surveillance, do you think the BIS’s role as a neutral coordinator is still necessary, or has it become an outdated institution that wields too much unchecked influence over national economies?
by PresentationLazy9725