Tag: BIS

BIS

Is It Time to Change the Credit Model in FX?

In a new video interview with Profit & Loss Rick Schonberg, global head of ForexClear product development at LCH, is unequivocal in expressing his view that the current credit model in the FX industry is due for a change. “The model definitely needs to change,” he says. “What’s interesting is that the BIS numbers —  […]

BIS Opens Innovation Hub in Singapore

As flagged in a release earlier this week, the Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) have officially launched the BIS Innovation Hub Centre in Singapore, marking what the BIS says is its first expansion of its global footprint in 17 years. The hub will, BIS says, foster innovation and greater collaboration […]

BIS Shuffles the Leadership Pack on Committees

Central bank Governors meeting at the Bank for International Settlements (BIS), a hub for central banks and other financial regulatory and supervisory authorities, made a number of appointments to lead key central bank groups. Jerome Powell, chair of the Board of Governors of the Federal Reserve System, has been named chair of the Global Economy Meeting (GEM) and the Economic Consultative Committee, after consultations […]

Cœuré New Head of BIS Innovation Lab

The Bank for International Settlements (BIS) has appointed Benoît Cœuré as head of the new BIS Innovation Hub, set up to foster international collaboration among central banks on innovative financial technology, most significantly global stablecoins. Cœuré has been a member of the ECB Executive Board since January 2012, and is currently in charge of international and European relations, market […]

BIS: OTC Derivatives Volumes at Five Year High

The latest Bank for International Settlements’ (BIS) latest semi-annual release of OTC derivatives statistics shows that notional volumes rose to $640 trillion at the end of June 2019, the highest level since 2014 and up from $544 trillion at the end of 2018. The BIS says part of the increase reflects a seasonal pattern evident […]

BIS Report Warns Stablecoins Pose Risks for Financial Stability

The Bank for International Settlements (BIS) has issued a new report, warning that stablecoins – a type of cryptocurrency whose value is linked to a pool of assets in order to achieve price stability – could pose risks to the stability of both financial markets and the real economy. The report opens by acknowledging that […]

In the FICC of it

This week’s podcast opens with Galen Stops, editor of Profit & Loss, doing some gloating because the Bank for International Settlements (BIS) has published its latest triennial survey of the FX market and the figures confirm the prediction made by Stops at the beginning of the year that the market would get back to growth. […]

FX and the Big Bang Theory

As electronic trading went mainstream, it created an explosion of growth in the market. But has this growth run out of steam? Galen Stops takes a look. The Big Bang Theory – in addition to being a popular American sitcom – is a well-known scientific thesis that posits the universe started with a small singularity […]

BIS Establishes Central Bank Innovation Hub

The Bank for International Settlements (BIS) has announced plans to establish an innovation hub to “foster international collaboration on innovative financial technology within the central banking community complementing the already well established cooperation within the existing committees”. The role of the BIS Innovation Hub will be, the bank says, to identify and develop in-depth insights […]

BIS Launches 2019 Triennial Survey

The Bank for International Settlements (BIS) formally launched the 12th Triennial Central Bank Survey of Foreign Exchange and Over-The-Counter (OTC) Derivatives Markets – the survey that is universally used as the benchmark measure of the size of the daily FX market.
Conducted every three years since 1986, the Triennial Survey is the most comprehensive source of information on the size and structure of global foreign exchange and OTC derivatives markets. It aims to help central banks, other authorities and market participants monitor developments in OTC markets and inform discussions about reforms to OTC markets.