Banks Need ‘Healthy Push’ to Avoid Prolonging Crisis, BIS Says

Banks Need ‘Healthy Push’ to Avoid Prolonging Crisis, BIS Says

Christophe Bosset/Bloomberg

The BIS, based in Basel, Switzerland, is owned by 60 central banks for which it acts as a counterparty and trustee. It’s also hosting policy-making groups including the Basel Committee on Banking Supervision and the Financial Stability Board and provides research and statistics.