BISness

Andrew McCormack, Head, BIS Innovation Hub Singapore Centre, discusses Project Nexus, a blueprint for connecting multiple national payment systems into a cross-border network that could enable international payments to happen almost instantaneously. He talks about the successful completion of Phase II, which involved building a working prototype to link three established payment systems, and looks...

Global green financing has grown 100 times over the past decade. And yet, it is still surrounded by considerable controversy – why is it so? Bank of France's Jean Boissinot – a leading expert of green finance in the central bank community – explains what green finance can (and cannot) do for environmental sustainability. He also highlights the role and achievements of the Network for Greening the...

Cecilia Skingsley looks at her first six months as Head of the BIS Innovation Hub, the path of innovation on the public sector and the role of central banks and the private sector in providing financial services in a rapidly changing world. She says that central banks have to follow and understand not only cyclical changes, but also structural changes, which "can be slow and take a long time, such...

Claudio Borio and Hyun Song Shin summarize the March 2023 Quarterly Review and answer journalists' questions about market developments and the economic outlook. 

Central banks face difficult trade-offs when deciding the speed and size of interest rate hikes to counter inflation, as well as how long to keep the policy rate at the peak. Egon Zakrajšek, Senior Adviser in the BIS Monetary and Economic Department, discusses the benefits and risks of "front-loading" rate increases, drawing from a recent BIS Bulletin he co-authored with Paolo Cavallino, Giulio Co...

The BIS Innovation Hub is leading practical experiments to show how CBDCs can help deliver faster, cheaper and more transparent cross-border payments. Codruta Boar, advisor at the Innovation Hub, discusses research that she has co-authored with Morten Bech, Daniel Eidan, Philipp Haene, Henry Holden and Wee Kee Toh. Read more: https://www.bis.org/publ/othp51.htm

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS December 2022 Quarterly Review and answer questions about FX markets, liquidity conditions, monetary policy and crypto assets.

Turnover in global foreign exchange (FX) markets reached $7.5 trillion per day in April 2022 in a volatile market, the 2022 Triennial Survey shows. Vlad Sushko, senior economist at the BIS, discusses a shift towards less "visible" FX trading venues. Read more .

Innovative technologies can foster a greener future by transforming finance. A case in point is the work being done by the BIS Innovation Hub Centre in Hong Kong. Bénédicte Nolens, head of the center, explains how Project Genesis 1.0 and 2.0 aim at making it more attractive to issue and invest in green bonds. 

How can policymakers detect future stress risk in financial markets ?  Our staff developed new market conditions indicators for three key market segments.

Claudio Borio and Hyun Song Shin summarize the  September 2022 Quarterly Review  and answer journalists' questions about market developments and the economic outlook.

Asia-Pacific has often been at the centre of global developments in recent years. Siddharth Tiwari, departing Chief of the BIS Office for Asia and the Pacific in Hong Kong , explains how the region and BIS involvement there have evolved

Nana Yaa Boakye-Adjei , Senior Consultant at the World Bank, speaks about Financial Inclusion, CBDC and the work she has been doing during her secondment with the FSI at the BIS.

High inflation and mounting growth headwinds raise the prospects of global stagflation and call for quick and decisive action by central banks, says Agustín Carstens, presenting the BIS's Annual Economic Report .

The recent surge in inflation has underscored the need to " look under the hood " to better understand how relative price changes can morph into broader-based inflation. Claudio Borio summarises the key insights from this fresh perspective.

What will the future of the monetary system look like? Hyun Song Shin, BIS Economic Advisor and Head of Research, presents a blueprint for the future monetary system as the fusion of enhanced technical capabilities around the core of the trust embodied in central bank money, as outlined in a special chapter of the BIS 2022 Annual Economic Report.

From black swans to green swans, Luiz Pereira da Silva talks about climate risks and what sustainable finance can realistically do for the transition to net zero, also in the light of the recent increase in energy prices.

What will global growth look like once the disruptions of the Covid-19 pandemic come to an end? Phurichai Rungcharoenkitkul explains why growth is likely to be slower in future without policy intervention.

Agustín Carstens speaks with Andrew Bailey from the Bank of England, Jerome Powell from the Federal Reserve Board, Joachim Nagel from the Deutsche Bundesbank and Noor Shamsiah Mohd Yunus from Bank Negara Malaysia about innovation and central bank digital currencies. Taken from a panel at the BIS Innovation Summit.

What is cyber resilience and how can institutions and users develop it? Chui Yong and David Whyte offer some insights into this fascinating topic.

Corrinne Ho offers a bird's eye view on all of the BIS's workstreams relating to climate change and green finance. From banking services to economic research, from innovation to regulation and capacity building, these activities all share the overarching principle of fostering international cooperation for the public good.

Projektleiter und BIZ Historiker Piet Clement spricht über die BIS 90 Years Ausstellung, die vom 26. Oktober – 4. November 2021 in Basel stattfindet.

Project Manager and BIS historian Piet Clement and exhibition designer Pablo Berger discuss the BIS 90 Years exhibition set to take place from 26 October – 4 November 2021 in Basel.

Johannes Ehrentraud reflects on potential regulatory approaches and policy options for big techs in finance, as described in FSI Brief 12 , (co-author), FSI Occasional Paper 17 , and other work at the BIS such as BIS Bulletin 45 .

Diversity is about inclusion". This podcast episode is a compilation of excerpts from a livestreamed panel discussion on women in central banking, moderated by Cecilia Skingsley and including panellists Andréa Maechler, Nor Shamsiah Mohd Yunus and Claudia Buch. See more