The Bank for International Settlements: A Towering Giant in Global Finance
The Bank for International Settlements
Founded in 1930, the Bank for International Settlements (BIS) is a key player in the global financial system. Its mission is to serve central banks in the pursuit of monetary and financial stability, and it plays a vital role in promoting cooperation between central banks and other financial institutions worldwide. The BIS is headquartered in Basel, Switzerland, and its striking building, pictured above, is a testament to its stature in the world of finance.
Rising Global FX Turnover: A Snapshot
According to the latest triennial survey from the BIS, daily global FX (foreign exchange) turnover has seen a substantial surge, reaching $9.6 trillion in April. This information, published on September 30, represents a substantial 28% increase from the $7.5 trillion daily turnover recorded in the previous survey carried out in April 2022.
Details and Implications of the Survey
The 2025 survey drew responses from 52 jurisdictions and over 1,100 banks, providing a comprehensive snapshot of global FX activity. The majority of the growth was observed in the spot market and outright forwards. This increase in daily turnover signifies the growing importance of the FX market as a barometer of global economic health and the increasing interconnectedness of global financial markets.
The Role of BIS in Global Finance
The BIS, through initiatives like these surveys, helps to bring transparency and understanding to the complex world of international banking and finance. Its research and analysis provide valuable insights for policymakers, economists, and financial institutions globally. The BIS’s role in promoting financial stability and cooperation is more critical than ever in the increasingly interconnected and complex global economy.
Conclusion
The rise in global FX turnover, as revealed by the BIS’s triennial survey, underscores the dynamic nature of the global financial system. It also highlights the importance of institutions like the BIS in promoting transparency, cooperation, and stability in international finance.
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