Bank for International Settlements (BIS)
People: Central Bank of Brazil deputy governor resigns
Jens Weidmann re-elected as chair of BIS board of directors; Rwanda appoints new deputy governor; two former governors of the Costa Rican central bank die
‘Do no harm’: central bankers warn against rush to issue CBDC
Agustín Carstens, Jerome Powell and Jens Weidmann highlight risks of acting too fast
Pandemic payout freeze increased lending - BIS paper
Research finds restrictions depressed equities but augmented capital buffers and boosted loans
Fintech use shows international gender gap – BIS paper
Women use fintech less than men but reasons for this are unclear, survey finds
‘Do bank supervisors wear too many hats?’ asks BIS paper
Many countries require array of mandates beyond “safety and soundness”, authors say
BIS paper proposes solution to ‘runnable brown assets’
Central bank liquidity backstop could boost stability and encourage firms to go green, authors say
Cyber attacks on finance increased sharply during pandemic – BIS
Increased use of cloud could increase firms’ vulnerability, researchers warn
BIS paper contrasts firm financing in US and Asia
Authors argue market segmentation drives different patterns of bond and loan financing
BIS and central banks partner to create CBDC ‘bridge’
Cross-border project will link up digital currencies of China, Hong Kong, Thailand and the UAE
Brainard sets out Fed’s approach to climate risk
Fed board member sets out agenda similar to that of other major central banks
Book notes: Asset management at central banks and monetary authorities, edited by Jacob Bjorheim
This excellent book fills a critical gap existing since IMF guidelines on asset management were revised
BIS paper tests impact of macro-pru on non-banks
Domestic and foreign prudential policies have opposite effects on non-bank share, authors find
BIS paper seeks to overcome flawed Chinese growth statistics
Authors use regional data to circumvent “flat” GDP time series
One-size-fits-all regulation won’t meet fintech challenge – FSI paper
Banks and big tech require specific approaches to ensure system stability, says Fernando Restoy
Carstens questions wisdom of fully anonymous CBDC
Idea of complete anonymity in digital systems is a “chimera”, BIS chief says
More central banks plan experimental CBDCs – BIS
Emerging market central banks in particular are focusing on retail CBDCs, report says
Carstens calls for ‘comprehensive’ oversight of big tech
BIS chief highlights “data-network-activities loop” driving big tech growth
Central bankers debate next steps on climate change
Jens Weidmann argues for independent agency to relieve burden on central banks
ECB steps up work on climate change
Central bank launches climate change centre and invests in new BIS green bond fund
Raising equity is best for bank recapitalisation – BIS paper
New capital is preferable to asset sales, which can cause systemic problems, authors say
BIS to research prototype DLT green bond platform
Innovation hub sets up international network to share knowledge and address problems
Bank profitability affects impact of regulation – BIS paper
Rules for global banks only cut systemic risk among less profitable firms, authors find
Sectoral shocks drive non-bank credit cycles – BIS paper
Authors explore interaction of bank and non-bank credit cycles