Tag: BIS

BIS

UK to be Fourth BIS Innovation Hub

The Bank for International Settlements (BIS) has selected the Bank of England to host its fourth innovation hub and announced plans to open others across the northern hemisphere. Hubs have been already been established in Basle, Hong Kong and most latterly, Singapore after the BIS initiated the programme in July 2019 to help foster collaboration […]

COVID-19 Crisis Speeds Up Use of Digital Payments

The coronavirus pandemic has forced world central banks, already struggling to deal with cryptocurrencies, stablecoins and other non-traditional monies, to up their game on the use of digital currencies and other new technologies. “COVID-19 has forced an unprecedented experiment in digitalisation, across our lives, including work and in commerce…,” said Benoit Coeure, former ECB executive […]

Talk Series with BIS’s Jaime Cortina

Jaime Cortina, Deputy Chief Representative and Regional Head of Treasury and Asset Management at the Bank for International Settlements (BIS) in Mexico City, talked with Julie Ros from the floor of the new BIS Americas dealing room about the BIS’s Innovation 2025 strategy. Julie Ros: Why was Mexico City chosen as the location for BIS […]

BIS Names Payments, Infrastructures, Innovation Heads

The Bank for International Settlements (BIS) today announced the appointment of Tara Rice as Head of Secretariat for the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services. Rice has been a member of the CPMI Secretariat since January 2019. She led its support of the G7 working group […]

BIS Opens Americas Dealing Room

The Bank for International Settlements (BIS) has opened a new dealing room at its Representative Office for the Americas in Mexico City. The new facility complements the existing BIS trading rooms in Basel and Hong Kong SAR, allowing the BIS to offer 24-hour services to its central bank customers. Jaime Cortina, who joined BIS last […]

OTC Derivatives Data Highlights Impact of Regulation on Turnover

The latest semi-annual survey of OTC derivatives markets by the Bank for International Settlements (BIS) offers another insight into the impact of regulation on market activity. The survey finds that notional amounts of OTC derivatives activity at end-December 2019 was 2.7% higher year-on-year at $559 trillion, however seasonal factors meant that it was down from […]

EM Exchange Rates, Bonds Amid Pandemic

The Bank for International Settlements (BIS) today released a BIS Bulletin entitled “Emerging Market Economy Exchange Rates and Local Currency Bond Markets Amid the Covid-19 Pandemic” written by staff members Boris Hofmann, Ilhyock Shim and Hyun Song Shin. Among the key findings in the report, the authors say portfolio investors face amplified losses as local […]

BIS: Macro Spillover Effects of Pandemic

The Bank for International Settlements (BIS) released a BIS Bulletin today written by staff members Emanuel Kohlscheen, Benoît Mojon and Daniel Rees, which predicts a total GDP shortfall that could be as much as twice that implied by the direct initial effects of confinement in the face of the global coronavirus pandemic. Given the historical […]

BIS Launches Bulletin Series: Kicks Off with FX Swaps Basis Study

The Bank for International Settlements (BIS) has launched a new series of publications that it says are short, topical notes written by staff economists providing timely insights on current events in banking, markets and the wider economy. The first, issued today, looks at dollar funding costs through the prism of the FX swaps market, specifically the […]

Basel III Implementation Gets Deferral

The Basel Committee’s oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed a set of measures to provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of the coronavirus disease (Covid-19) on the global banking system. “It is […]