Economy 101: World players
G-7, G-8, World Bank, IMF, BIS, FDIC, SEC, WTO - who they are and why to care.
ATLANTA (CNN) -- Following is a list of organizations that have a role in the global financial system and what that role is:
Bank for International Settlements The BIS is an organization of central banks that serves as a central bank for those insitutions, focusing on monetary and financial cooperation.
Federal Deposit Insurance Corporation The FDIC is a U.S. government corporation that insurance deposits at member banks.
Group of 7 The G-7 is the meeting of the finance ministers of the group of seven industrialized nations: Canada, France, Germany, Italy, Japan, United Kingdom and United States.
Group of 8 The G-8 is the annual meeting of the heads of state of the G-7 nations plus Russia.
International Monetary Fund The IMF manages the world's financial systems, primarily by implementing the policies of its 185 member-countries, in particular exhange rates between countries and how payments flow between countries.
Securities and Exchange Commission The SEC is an independent agency of the U.S. government tasked with enforcing laws relating to securities and regulating the securities industry and stock exchanges.
World Bank The World Bank provides financial and technical assistance to developing countries, with an emphasis on reducing poverty. Its programs are carried out by two development institutions -- the International Bank for Reconstruction and Development and the International Development Association -- which are owned by the bank's 185 member-countries.
World Trade Organization The WTO settles trade disputes and negotiates international trade agreements. 
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