Keynes went to Morgenthau in the hope of preventing or postponing the dissolution, but the next day he was approved; the liquidation of the bank was never really carried out.  In April 1945, the new U.S. President Harry S. Truman ended U.S. participation in the plan. The British government suspended the dissolution and the decision to liquidate the BIS was officially overturned in 1948.  The Bank for International Settlements (BIS) is an international financial institution owned by central banks that «promotes international monetary and financial cooperation and serves as a central bank».  The BIS conducts its work through its meetings, programmes and the Basel process and welcomes international groups that seek global financial stability and facilitate their interaction. It also offers banking services, but only to central banks and other international organizations.
It is based in Basel, Switzerland, with representations in Hong Kong and Mexico City. The Bank for International Settlements opened its doors on May 17, 1930 in Basel, Switzerland, where it still has its headquarters. Since its inception, the BRI has established two representations: in the Hong Kong Special Administrative Region (1998) and in Mexico City (2002). The Bretton Woods Conference of 1944 recommended the «liquidation of the Bank for International Settlements as soon as possible.» This led to the BIS being the subject of disagreement between the US and UK delegations. The liquidation of the bank was supported by other European delegates as well as Americans (including Harry Dexter White and Treasury Secretary Henry Morgenthau Jr.).  The abolition was rejected by John Maynard Keynes, head of the British delegation. Like any other bank, the BIS strives to offer premium services to attract central banks as customers. To ensure security, it has abundant equity and reserves, which are invested in a diversified manner after risk analysis. The BIS ensures the liquidity of central banks by offering to buy back negotiable instruments; Many of these instruments have been specifically designed to meet the needs of the Central Bank. In order to compete with private financial institutions, the BIS offers a higher return on funds invested by central banks. The first president was Gates W. McGarrah (1863-1940), who had gone from being a cashier at a New York industrial bank to its president, and then to the first president of the Federal Reserve Bank of New York.
 The capital policy applies to equity and capital assets. These can be overvalued in many circumstances, as they do not always reflect current market conditions or adequately assess the risk of any trading position. As a result, the Basel standards require that the capital-to-asset ratio of international commercial banks be above an international minimum standard, in order to improve the resilience of the banking sector. After World War II, the BRI focused on defending and implementing the World Bank`s Bretton Woods system. Between the 1970s and 1980s, the BIS monitored cross-border capital flows in the wake of the oil and debt crises, leading to the development of regulatory oversight of international banks. The original objective of the BIS was to «promote cooperation between central banks and provide additional facilities for international financial operations; and to act as an agent or agent with respect to international financial transactions entrusted to it under agreements with the parties concerned», as stipulated in its 1930 statutes.  The BRI`s original mission to facilitate World War I reparations quickly became obsolete. Reparations were first suspended (Hoover moratorium, June 1931) and then completely abolished (Lausanne Convention, July 1932).
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