Featured Product

    BIS Publishes Annual Report and Annual Economic Report for 2018-19

    June 30, 2019

    BIS published the annual report and the annual economic report for 2018–19. BIS also published speeches by the General Manager Agustín Carstens, the Economic Adviser and Head of Research Hyun Song Shin, and the Head of the Monetary and Economic Department Claudio Borio, who presented on the occasion of the BIS Annual General Meeting in Basel.

    The annual report provides a description of its activities, governance, and organization, along with its annual financial statements for 2018–19. The BIS General Manager Agustín Carstens presented the new BIS Annual Report and highlighted the core activities of BIS in three main areas: economic analysis and research, banking activities, and cooperation among central banks and other financial authorities. Further, the report provides information on the BIS Innovation Hub 2025. The report notes that the role of the Hub will be to identify and develop in-depth insights into the critical technology trends affecting central banking, to develop public goods in the technology space for improving the functioning of the global financial system, to and serve as a focal point for a network of central bank experts on innovation.

    The annual economic report highlights that monetary policy can no longer be the main engine of economic growth and that  other policy drivers need to kick in to ensure the global economy achieves sustainable momentum. BIS calls for a better balance between monetary policy, structural reforms, fiscal policy, and macro-prudential measures. The report mentions that macro-prudential policies complement the monetary policy framework as an integral element of the wider macro-financial stability framework. They are targeted at addressing risks to financial stability, which arise from domestic financial imbalances. The report also features a chapter on big tech and financial services, which was released on June 23, 2019.

     

    Related Links

    Keywords: International, Banking, Annual Report, Annual Economic Report, Macro-Prudential Measures, Innovation Hub, Fintech, BIS

    Related Articles
    News

    APRA Revises Standard on Margin Rules for Uncleared Derivatives

    APRA revised CPS 226, which is the prudential standard on margin and risk mitigation requirements for non-centrally cleared derivatives.

    September 19, 2019 WebPage Regulatory News
    News

    PRA Issues Consultation on Prudent Person Principle Under Solvency II

    PRA, via the consultation paper CP22/19, has set out its proposed expectations for investment by firms, in accordance with the Prudent Person Principle (PPP).

    September 18, 2019 WebPage Regulatory News
    News

    EIOPA Forms Consultative Expert Group on Digital Ethics in Insurance

    EIOPA established the Consultative Expert Group on Digital Ethics in Insurance to assist EIOPA in the development of digital responsibility principles in insurance.

    September 17, 2019 WebPage Regulatory News
    News

    FDIC Approves Proposal to Amend Swap Margin Rule

    FDIC approved what would be a joint proposal by the US Agencies (FCA, FDIC, FED, FHFA, and OCC) to amend regulations that require swap dealers and security-based swap dealers under the agencies’ respective jurisdictions to exchange margin with their counterparties for swaps that are not centrally cleared (Swap Margin Rule).

    September 17, 2019 WebPage Regulatory News
    News

    FASB Proposes Taxonomy Changes Related to Topics 848 and 470

    FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting.

    September 16, 2019 WebPage Regulatory News
    News

    BoE Statement on Recalculating Transitional Measures Under Solvency II

    BoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019.

    September 16, 2019 WebPage Regulatory News
    News

    BIS Hosts Conference to Discuss Issues from Emergence of Stablecoins

    BIS hosted a conference in Basel to discuss policy and regulatory issues posed by the emergence of stablecoin initiatives backed by financial institutions and large technology companies.

    September 16, 2019 WebPage Regulatory News
    News

    BIS Paper on Embedded Supervision of Blockchain-Based Financial Market

    BIS published a working paper that investigates ways to regulate and supervise blockchain-based financial markets.

    September 16, 2019 WebPage Regulatory News
    News

    BoE Paper on Market-Implied Systemic Risk and Shadow Capital Adequacy

    BoE published a working paper that presents a forward-looking approach to measure systemic solvency risk.

    September 13, 2019 WebPage Regulatory News
    News

    HKMA Consults on Policy Module on Pillar 2 Supervisory Review Process

    HKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2.

    September 13, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3830