June 24, 2018

BIS separately published the annual report and the annual economic report for 2017–18. BIS also published speeches by the BIS General Manager Agustín Carstens, the BIS 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 2017–18. The BIS General Manager Agustín Carstens presented the new BIS Annual Report and highlighted the core activities of BIS in three main areas: economic research and statistics, banking activities, and international cooperation. The Annual Economic Report contains features on Basel III reforms and pressure points created by non-financial intermediaries, on moving forward with macro-prudential frameworks, and on looking beyond the hype of cryptocurrencies and distributed ledger technology. During their respective presentations, Mr. Agustín Carstens outlined a four-part agenda to maintain the current economic upswing; Mr. Hyun Song Shin explained why, despite all the hype, cryptocurrencies are a far cry from money; and Mr. Claudio Borio spoke about the past, present, and future macro-prudential frameworks. 

 

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Keywords: International, Banking, Annual Report, Annual Economic Report, Basel III, Macro-prudential Framework, DLT, BIS

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