Bank for International Settlements (BIS)
Basel Committee reveals final rules on capital disclosure
Final rules published on disclosure of banks’ capital composition as well as consultative document on risk reporting; committee aims to reduce financial stability risks from international banks
BIS’s Cecchetti discusses financial globalisation
Stephen Cecchetti considers whether financial systems can grow too big and assesses how far countries should go in outsourcing financial services
Caruana says central bank credibility ‘must not be squandered’
BIS secretary general says reliance on central banks to provide extraordinary monetary policy to prop up the financial system is causing dangerous distortions; credibility may be ‘squandered’
BIS calls for European banking union and urgent fiscal reform in developed nations
Urgent fiscal reform and genuine efforts to create a banking union in Europe are vital to breaking the viscous linkage between banking and sovereign stress, says BIS
Role of FSB ramped up as Carney updates G-20 on progress
Financial Stability Board to gain legal footing under Swiss law; Carney reports “good” progress on implementation of financial reforms but says more to be done
BIS paper examines impact of financial cycle
Working paper studies the financial cycle and its relationship to the business cycle; emphasises importance of considering the medium term in designing policies
BIS researcher examines countercyclical policy in emerging markets
BIS Quarterly Review special feature assesses the use of countercyclical policies in emerging markets; finds broad implementation of stabilising monetary and fiscal policies
Central banks urged to increase monitoring of retail payment innovation
Central banks may need to improve their data collection and research efforts to ensure they are monitoring the latest developments in retail payments, according to new CPSS report
BIS paper examines macro-prudential models and tools
Working paper considers the effectiveness of macro-prudential models in understanding the role of the financial sector in relation to the real economy
BIS paper studies financial transmission channels
Working paper analyses role of financial system in affecting economic growth and stability; emphasises importance of financial sector in macroeconomic models
HFT adds value to the forex market, says Bank of England
While the effects of high-frequency trading activity should continue to be monitored, the practice adds value to the FX market, a senior Bank of England official has argued
BIS paper examines potential substitute monetary policy tools
Bank for International Settlements working paper discusses potential for interest rate and capital adequacy requirement tools to contribute to financial stability
BIS research finds greater data sharing needed to monitor systemic risk
Bank for International Settlements working paper says more data sharing is needed at individual bank level to better monitor systemic risk
BIS working paper draws lessons from Asia on price stability
Bank for International Settlements working paper studies price stability in Asia; concludes that monetary policy frameworks have been effective
BIS working paper focuses on Asian credit booms
Bank for International Settlements research finds international credit booms foster domestic credit surges in developing Asian economies
Interests of investors and supervisors are aligned by Basel reforms, says BIS chief
Bank for International Settlements general manager believes Basel reforms pose no long-term conflict of interest between bank shareholders and supervisors
BIS releases study on property markets and financial stability
Bank for International Settlements and Monetary Authority of Singapore discuss challenges to financial stability from property markets
RBA appoints new head of research
Alexandra Heath selected as head of economic research department at Reserve Bank of Australia
BIS study looks at financial volatility prediction
Bank for International Settlements researchers investigate the prediction of financial volatility using economic variables
BIS working paper studies collateral requirements
Research estimates collateral requirements for mandatory central clearing of over-the-counter derivatives; finds major dealers already have ample assets to meet initial margin requirements
BIS working paper studies inflation dynamics
Bank for International Settlements researchers investigate inflation dynamics in the presence of informal labour markets
New fault lines in financial regulation
Deleveraging could trigger another crippling credit crunch in Europe at a time when the recovery is still fragile. By Jacques de Larosière
BIS deputy general manager highlights pressure on monetary policy
Hervé Hannoun, deputy general manager of the Bank for International Settlements, says monetary policy frameworks are under “enormous pressure”
IMF paper captures spillover effects from tougher capital rules
Fund study shows international spillover effect from higher capital requirements typically account for 20-25% of the total impact on output