Thursday, August 24, 2017

Latest Updates from the BIS - Bank for International Settlements

I get regular email updates from the Bank for International Settlements when they issue new reports. Below I am just pasting in the latest update which mentions several issues that relate to what we cover here and may be of interest.


August 2017

Keeping the financial system safe and secure

International committees completed a Group of 20 workplan to help ensure that central counterparties can continue to operate in the face of shocks and even severe financial stress.

Basel Committee releases implementation reports

Regulations implementing the Liquidity Coverage Ratio in China and the United States are assessed as “compliant” with the Basel framework, while the European Union is “largely compliant”.

Cross-border banking perks up

International banking activity rebounded in the first quarter as lending to emerging market economies rose by the most in three years and credit to financial institutions such as hedge funds, securities brokers and special purpose vehicles picked up.

Green finance at work

Identifying climate change-related risks for the financial sector and ensuring that instruments labelled as “green bonds” meet high standards can help combat climate change.

Financial regulatory reforms – latest developments and future work

In this video, Fernando Restoy (FSI), Svein Andresen (FSB), William Coen (Basel Committee), Yoshihiro Kawai (IAIS), Morten Bech (CPMI) and David Walker (IADI) give an update on their work to reform financial regulation. 
More BIS publications 

Working Paper: Segmented money markets and covered interest parity arbitrage
Deviations in covered interest parity reflect money market segmentation and differences in liquidity premia.

Working Paper: Financial deglobalisation in banking?
The decline in cross-border banking since 2007 does not amount to a broad-based retreat in international lending.

BCBS Working Paper: The interplay of accounting and regulation and its impact on bank behaviour
Accounting rules and disclosure standards are important determinants for banks’ incentives and behaviour.

Building Resilience to Global Risks - Challenges for African Central Banks

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