Bank for International Settlements (BIS)

Knight departure prompts BIS governance queries

A leading German daily has questioned the integrity of the Bank for International Settlements (BIS) after it emerged that Malcolm Knight, the departing general manager, will not take gardening leave before joining Deutsche Bank, a leading global bank.

BIS chief to leave early

Malcolm Knight, the general manager and chief executive of the Bank for International Settlements (BIS), will step down in September, nine months before the end of his term.

Monetary policy decisions: inputs and outcomes

A new paper from the Bank for International Settlements compares the practices of research and briefing prior to monetary policy decisions at several central banks, and looks at how decisions are presented and explained to markets and the public.

BIS's Wellink outlines Basel II amendments

The Basel Committee will review the capital charges for collateralised debt obligations (CDOs) set out in the Basel II framework, said Nout Wellink, the president of the Netherlands Bank and chairman of the committee.

Research uncovers reasons for interbank spreads

The recent sharp rise in the risk premium contained in three-month interbank rates points to the importance of liquidity factors for banks' day-to-day quoting behaviour, research published by the Bank for International Settlements finds.

BIS's Knight wants procyclicality issue addressed

A strengthening of the so-called "macroprudential approach" to financial regulation is needed to address problems of excessive procyclicality, said Malcolm Knight, the general manager of the Bank for International Settlements.

G7 ministers discuss IMF gold sales

"There was an acceptance among the G7 that resources should be raised by selling gold," said Tomasso Padoa-Schioppa, Italy's finance minister, who is also the head of the International Monetary Fund's (IMF) steering committee (IMFC).

Brown calls for IMF and World Bank reform

The Bretton Woods institutions must adapt to fit the new global economic order where "contagion can move as swiftly as the fastest communication", said Gordon Brown, the British prime minister.

Carry trade returns high but losses heavy

Though carry trades in various Asian currencies tend to outperform major stock markets, there is a relatively high frequency of large negative returns, research published by the Bank for International Settlements finds.

OTC derivatives trade grows by 135%

The value of positions in the over-the-counter derivatives market has increased by 135% in the last three years to $516 trillion, the Bank for International Settlements finds.

Interview: Claudio Borio

Claudio Borio is the head of research and policy analysis at the Bank for International Settlements (BIS). He has published extensively on numerous issues, including the relationship between asset prices and financial and monetary stability, monetary…