Bank for International Settlements (BIS)
Stablecoin rules should extend beyond issuers – FSI report
Some platforms offer yield-bearing products based on digital assets, latest brief points out
The SDR as an alternative to the dollar
The weaponisation of the dollar by US authorities represents an opportunity to reconfigure usage of the SDR, argues Warren Coats
Singapore and Hong Kong increase FX trades – BIS survey
Singapore strengthens position as third largest hub, amid greater use of yuan and HKD
FX turnover surges 28% to nearly $10 trillion a day – BIS
Triennial survey finds euro has overtaken dollar in OTC interest rate derivatives market
Book notes: Bankers’ trust, by Aditi Sahasrabuddhe
A novel investigation into how trust among central bankers – or lack thereof – helped and worsened crises of the past
Weak dollar mitigated April tariff shocks – BIS’s Maechler
Greenback’s depreciation boosts risk appetite and lowers import costs, deputy general manager says
Central bankers’ compromised immunity
Just how much legal protection should officials have from spurious lawsuits or wrongful dismissal?
Non-dollar stablecoins could spur greenback’s decline – BdF deputy
Central banks should embrace, not oppose, financial innovation, Bénassy-Quéré argues
New taxonomy of operating frameworks from BIS economists
Two-dimensional approach captures “surprising similarities” between different methods
BIS warns of elevated equity prices amid ‘sanguine’ markets
High stock valuations “sit oddly” with fiscal sustainability concerns, according to quarterly review
Liquidity impairment harms policy transmission – BIS paper
Authors say QE may be more potent in times of market stress
Be proactive on AI and quantum, Riksbank deputy says
Authorities should collaborate despite geopolitical tensions, says Aino Bunge
Nexus’s new CEO on the future of the cross-border payments platform
Nexus Global Payments CEO Andrew McCormack discusses the multi-lateral instant payments system’s technical build-out, governance and launch strategy
AI ‘explainability’ a growing problem for supervisors – paper
Better guidance may be needed on model risk management, Basel-based FSI says
Nexus will connect at least three Asian countries by 2027 – CEO
Company expects to announce winning bidder for contract to build payments platform by year’s end
Supervisors to work with tech sector on AI transparency project
HKMA, FCA and BIS will also engage with the banking industry over the next 12 months
Crypto has accelerated CBDC work – BIS survey
Developing and emerging economies more likely to make retail CBDC available on distributed ledgers
BIS’s Hernández de Cos tells central banks to be realistic
Policy-makers should make clear what they can and cannot do, says new general manager