The Bank for International Settlements (BIS), with its head office in Basel, has 56 central banks as shareholders including the Bank of Italy. The BIS fosters monetary and financial cooperation among central banks, provides currency reserve management services to numerous central banks and carries out economic and monetary research, also producing statistics on the international banking and financial system.
Besides hosting the periodic meetings of the Governors of the central banks of the G10 countries, the BIS provides secretarial assistance for the various permanent committees that promote international financial and economic stability, amongst which the Committee on the Global Financial System (CFGS), the Committee on Payment and Settlement Systems (CPSS) and the Basel Committee on Banking Supervision - whose members represent the main central banks and the authorities responsible for supervising the financial institutions and markets - and for the Financial Stability Forum (FSF).
The Bank of Italy is one of the six founder members of the BIS and is represented on all its committees.