Tag: BIS

BIS

Currencies in Competition

On first glance there appeared to be few significant changes of note when looking at the currency-specific data in the latest BIS survey. But scratch beneath the surface and this data asks some important questions, says Galen Stops. Looking at the data regarding the currencies themselves in the latest OTC FX turnover survey from the […]

BIS: How Did We Get to $6.6 Trillion?

The Bank for International Settlements’ Triennial Survey of FX Turnover sent the market’s activity benchmark to a new high, but what drove the growth and what does it mean for the industry? Colin Lambert finds out. The first thing to note about the Bank for International Settlements’ $6.6 billion figure for average daily turnover in […]

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 […]