page_title: Herstatt Bank
hierarchical_section_title: Herstatt Bank
caption_attribution_description: Deutsch: Ehemalige Gebäude der Herstatt-Bank, Unter Sachsenhausen 6, Köln. Ansicht von der Ecke Unter Sachsenhausen/Tunisstraße. English: Former buildings of Herstatt Bank, Unter Sachsenhausen 6, Cologne. View from the corner of Unter Sachsenhausen and Tunisstraße. This is a photograph of an architectural monument.It is on the list of cultural monuments of Köln, no. 6842
context_page_description: Herstatt Bank was a privately owned bank in the German city of Cologne. It went bankrupt on 26 June 1974 in a famous incident illustrating settlement risk in international finance.
  It led to the creation of the Basel Committee on Banking Supervision a committee composed of representatives from central banks and regulatory authorities to help find ways to avoid such risks in the future.
context_section_description: Herstatt Bank (Bankhaus I.D. Herstatt K.G.a.A.) was a privately owned bank in the German city of Cologne.  It went bankrupt on 26 June 1974 in a famous incident illustrating settlement risk in international finance.
  It led to the creation of the Basel Committee on Banking Supervision a committee composed of representatives from central banks and regulatory authorities to help find ways to avoid such risks in the future.
caption: Former offices of Herstatt Bank, Cologne.
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