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Bank for International Settlements (BIS): The Basle-based international body that assists national regulators frame uniform, internationally-acceptable supervisory standards for banks and financial intermediaries. BIS is responsible for the 1988 capital regulations that currently prevail in most countries. As the BIS is situated in Basle, Switzerland, the capital regulations are also referred to as Basle regulations. BIS has propounded significant recommendatory standards for financial supervisors world over, such as Basle II.