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

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News

    UK Authorities Issue Regulatory and Reporting Updates for Banks

    The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.

    June 15, 2022 WebPage Regulatory News

    BaFin Consults on Resolvability Requirements for Resolution Planning

    The Federal Financial Supervisory Authority of Germany (BaFin) proposed to amend the “Capital Investment Conduct And Organization Ordinance” and issued a draft circular on the minimum resolvability requirements for resolution planning.

    June 10, 2022 WebPage Regulatory News

    EBA Consults on Certain Standards and Guidelines Under CRR and BRRD

    The European Banking Authority (EBA) proposed guidelines, for the resolution authorities, on the publication of the write-down and conversion and bail-in exchange mechanic, with the comment period ending on September 07, 2022.

    June 08, 2022 WebPage Regulatory News

    OJK Publishes Regulatory Updates for Financial Sector Entities

    The Financial Services Authority of Indonesia (OJK) is strengthening cooperation with the Australian Prudential Regulation Authority (APRA) and the Japanese Financial Services Agency (JFSA)

    June 03, 2022 WebPage Regulatory News

    EU Publishes Rules on DLT and Data Governance

    The European Parliament and the Council published Regulation 2022/868 on European data governance (Data Governance Act).

    June 03, 2022 WebPage Regulatory News

    EBA Publishes Phase 2 of Reporting Framework 3.2

    The European Banking Authority (EBA) published phase 2 of its reporting framework 3.2. The technical package supports the implementation of the updated reporting framework by providing standard specifications

    June 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8267