News archive - 2010

6 September 2010 Publication and press release:
BIS Quarterly Review September 2010 - International banking and financial market developments
In this issue: 1) Debt reduction after crises, 2) The collapse of international bank finance during the crisis: evidence from syndicated loan markets, 3) Options for meeting the demand for international liquidity during financial crises, 4) Bank structure, funding risk and the transmission of shocks across countries: concepts and measurement
3 September 2010

BIS Review - Speeches and articles by senior central bankers:
Nout Wellink: Fundamentally strengthening the regulatory framework for banks;
Svein Gjedrem: Government intervention and moral hazard in the financial sector;
Amando M Tetangco, Jr: Launch of the Albay Mayon Credit Surety Fund;
Loi M Bakani: The State of the economy and monetary policy;
Elizabeth A Duke: Stabilizing neighborhoods - lessons learned from the field;
Thomas C Baxter, Jr: Too big to fail - expectations and impact of extraordinary government intervention and the role of systemic risk in the financial crisis

3 September 2010 Nout Wellink on:
Fundamentally strengthening the regulatory framework for banks
3 September 2010 BIS speeches:
Stephen G Cecchetti: Strengthening the financial system: comparing costs and benefits
1 September 2010

BIS Review - Speeches and articles by senior central bankers:
Jean-Claude Trichet: Central banking in uncertain times - conviction and responsibility;
Duvvuri Subbarao: Economic crisis and crisis in economics - some reflections;
Sada Reddy: Opening of the business resumption site as part of the overall risk management strategy;
Charles Bean: Monetary policy after the fall;
Guy Debelle: On risk and uncertainty

1 September 2010 International Journal of Central Banking (IJCB), September 2010
In this issue:
1) Communication, Decision Making, and the Optimal Degree of Transparency of Monetary Policy Committees,
2) Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy,
3) The Impact of Banks' Cumulative Reserve Position on Federal Funds Rate Behavior,
4) The Sub-Prime Crisis and UK Monetary Policy,
5) Central Bank Communication and Multiple Equilibria,
6) Estimation of Monetary Policy Preferences in a Forward-Looking Model: A Bayesian Approach,
7) Bank of England Interest Rate Announcements and the Foreign Exchange Market
1 September 2010 Publication and press release:
Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in April 2010 - Preliminary global results - Turnover
31 August 2010 Statistics:
Release of property price data
30 August 2010 Basel Committee press release and publication:
Microfinance activities and the core principles for effective banking supervision - final document
19 August 2010 Basel Committee press release and publication:
Proposal to ensure the loss absorbency of regulatory capital at the point of non-viability - consultative document
18 August 2010 Press release and publications:
Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements and
An assessment of long-term economic impact of stronger capital and liquidity requirements
13 August 2010 Keynote speech by Claudio Borio:

Implementing a macroprudential framework: balancing boldness and realism
4 August 2010 Working Papers:
Ageing and asset prices
4 August 2010 IFC Bulletin:

The IFC's contribution to the 57th ISI Session, Durban, August 2009
2 August 2010 New statistical data:
Property prices
29 July 2010 Committee on the Global Financial System (CGFS) press release and publication:
Long-term issues in international banking
26 July 2010

Basel Committee press release:
The Group of Governors and Heads of Supervision reach broad agreement on Basel Committee capital and liquidity reform package

22 July 2010 Working Papers:
Countercyclical capital buffers: exploring options
21 July 2010 BIS Papers:
The international financial crisis and policy challenges in Asia and the Pacific
21 July 2010 Statistics:
Provisional international banking statistics at end-March 2010
16 July 2010 Basel Committee press release and publication:
Countercyclical capital buffer proposal - consultative document
12 July 2010 Working Papers:
The determinants of cross-border bank flows to emerging markets: new empirical evidence on the spread of financial crises
Funding liquidity risk: definition and measurement
6 July 2010 Working Papers:
Chronicle of currency collapses: re-examining the effects on output
30 June 2010 Committee on the Global Financial System (CGFS) publication:
Research on global financial stability: the use of BIS international financial statistics
29 June 2010 Press release:
Mark Carney appointed Chairman of the Committee on the Global Financial System
28 June 2010 BIS speeches:
Jaime Caruana: General Manager's speech at the Annual General Meeting - Three policy challenges for the world economy
28 June 2010 Annual General Meeting
28 June 2009 BIS Annual Report 2009/10
28 June 2009 Press release:
BIS Annual Report: "Fiscal consolidation and financial sector reform are what's needed now, says BIS"
27 June 2010 Per Jacobsson Foundation Lecture, 2010 by Tommaso Padoa-Schioppa:
Markets and government before, during and after the 2007-20xx crisis
23 June 2010 Historical BIS Annual Reports 1931-1996 now available online
22 April 2010 BIS speeches:
Hervé Hannoun: The expanding role of central banks since the crisis: what are the limits?
21 June 2010 Working Papers:
Resolving the financial crisis: are we heeding the lessons from the Nordics?
18 June 2010 BIS speeches:
Jaime Caruana: Macroprudential policy: what we have learned and where we are going
18 June 2010 Press release:
Adjustments to the Basel II market risk framework announced by the Basel Committee
16 June 2010 BIS speeches:
Stephen G Cecchetti: Making OTC derivatives less OTC
14 June 2010 Publication and press release:
BIS Quarterly Review June 2010 - International banking and financial market developments
In this issue: 1) Policy responses to dislocations in the FX swap market: the experience of Korea, 2) Currency collapses and output dynamics: a long-run perspective , 3) Was it credit supply? Cross-border bank lending to emerging market economies during the financial crisis, 4) European banks' US dollar funding pressures
11 June 2010 Working Papers:
China's high saving rate: myth and reality
Banks and financial intermediation in emerging Asia: reforms and new risks
11 June 2010 Nout Wellink on:
The Basel Committee and Regulatory Reform
8 June 2010 BIS speeches:
Stephen G Cecchetti: Current efforts to enhance global financial supervision
7 June 2010 International Journal of Central Banking (IJCB), June 2010
In this issue:
1) Discretion Rather Than Rules? When Is Discretionary Policymaking Better Than the Timeless Perspective?,
2) Optimal Monetary Policy in Response to Cost-Push Shocks: The Impact of Central Bank Communication,
3) Stock Market Performance and Pension Fund Investment Policy: Rebalancing, Free Float, or Market Timing?,
4) The Role of Asset Prices in Best-Practice Monetary Policy,
5) Using Intraday Data to Gauge Financial Market Responses to Federal Reserve and ECB Monetary Policy Decisions,
6) The Geography of International Portfolio Flows, International CAPM, and the Role of Monetary Policy Frameworks,
7) Fixed- and Variable-Rate Tenders in the Management of Liquidity by the Eurosystem: Implications of the Recent Credit Crisis
2 June 2010 Working Papers:
Central bank co-operation and international liquidity in the financial crisis of 2008-9
27 May 2010 Working Papers:
Toward a global risk map
27 May 2010 Committee on the Global Financial System (CGFS) press release and publication:
Funding patterns and liquidity management of internationally active banks
21 May 2010 BIS speeches:
Jaime Caruana: The great financial crisis, lessons for the design of central banks
21 May 2010 Committee on the Global Financial System (CGFS) press release and publication:
Macroprudential instruments and frameworks: a stocktaking of issues and experiences
17 May 2010 Working Papers:
Attributing systemic risk to individual institutions
12 May 2010 BIS speeches:
Stephen G Cecchetti: Alternatives to self-insurance
12 May 2010 CPSS-IOSCO press release and consultative reports:
Guidance on the application of the 2004 CPSS-IOSCO Recommendations for Central Counterparties to OTC derivatives CCPs and
Considerations for trade repositories in OTC derivatives markets
10 May 2010 Publication and press release:
OTC derivatives market activity in the second half of 2009
3 May 2010 Stefan Walter on:
Basel II and Revisions to the Capital Requirements Directive
26 April 2010 BIS speeches:
Jaime Caruana: Macroprudential policy: working towards a new consensus
22 April 2010 Statistics:
Provisional international banking statistics at end-December 2009
20 April 2010 BIS speeches:
Hervé Hannoun: Information gaps: what has the crisis taught us?
15 April 2010 BIS speeches:
Jaime Caruana: Backstopping global banking
15 April 2010 Working Papers:
Oil shocks and optimal monetary policy
14 April 2010 Basel Committee publication:
Sound practices for backtesting counterparty credit risk models - consultative document
1 April 2010 BIS Papers:
Perspectives on inflation targeting, financial stability and the global crisis
30 March 2010 Basel Committee press release and publication:
Good Practice Principles on Supervisory Colleges - consultative paper
29 March 2010 IFC Working Papers:
Firm level analysis of international trade in services
26 March 2010 Working Papers:
The future of public debt: prospects and implications
26 March 2010 Working Papers produced following the BIS conference on "Financial system and macroeconomic resilience: revisited" held in Basel, June 2009:
The failure mechanics of dealer banks
Accounting alchemy
Illiquidity and all its friends
Financial intermediation and the post-crisis financial system
Fear of fire sales and the credit freeze
Household decisions, credit markets and the macroeconomy: implications for the design of central bank models
25 March 2010 Working Papers:
Public governance of central banks: an approach from new institutional economics
24 March 2010 Committee on the Global Financial System (CGFS) press release and publication:
The functioning and resilience of cross-border funding markets
23 March 2010 Committee on the Global Financial System (CGFS) press release and publication:
The role of margin requirements and haircuts in procyclicality
18 March 2010 Basel Committee press release and publication:
Report and recommendations of the Cross-border Bank Resolution Group - final paper
17 March 2010 Working Papers:
Does monetary policy affect bank risk-taking?
16 March 2010 Basel Committee press release and publication:
Principles for enhancing corporate governance - consultative document
8 March 2010 Press release:
BIS Board elects Christian Noyer as new Chairman
3 March 2010 BIS speeches:
Hervé Hannoun: Towards a global financial stability framework
1 March 2010 International Journal of Central Banking (IJCB), March 2010
In this issue:
1) Cross-Border Spillovers from Fiscal Stimulus,
2) Commentary: Fiscal Stimulus and the Promise of Future Spending Cuts,
3) Has Globalization Changed the Phillips Curve? Firm-Level Evidence on the Effect of Activity on Prices ,
4) Commentary: Inflation Pressures and Monetary Policy in a Global Economy,
5) The Zero Lower Bound and Monetary Policy in a Global Economy: A Simple Analytical Investigation,
6) Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound,
7) Commentary: Commentary on Policy at the Zero Lower Bound,
8) Policies to Rebalance the Global Economy After the Financial Crisis,
9) Commentary: Using Models for Monetary Policy Analysis
1 March 2010 Publication and press release:
BIS Quarterly Review March 2010 - International banking and financial market developments
In this issue: 1) The architecture of global banking: from international to multinational?, 2) Exchange rates during financial crises, 3) The dependence of the financial system on central bank and government support, 4) The term "macroprudential": origins and evolution
24 February 2010 Working Papers:
The bank lending channel revisited
17 February 2010 Stephen G Cecchetti, M S Mohanty and Fabrizio Zampolli: The future of public debt: prospects and implications
12 February 2010 Jaime Caruana: Systemic risk: how to deal with it?
10 February 2010 Basel Committee Working Paper:
Vendor models for credit risk measurement and management
9 February 2010 BIS speeches:
Jaime Caruana: Financial stability: 10 questions and about seven answers
9 February 2010 Basel Committee press release and publication:
Microfinance activities and the Core Principles for Effective Banking Supervision - consultative document
5 February 2010 BIS Papers:
Globalisation, labour markets and international adjustment, Essays in honour of Palle S Andersen
2 February 2010 Press release:
Standards for payment, clearing and settlement systems: review by CPSS-IOSCO
28 January 2010 Statistics:
Provisional international banking statistics at end-September 2009
22 January 2010 Basel Committee press release and publication:
Compensation Principles and Standards Assessment Methodology
22 January 2010 Working Papers:
Assessing the systemic riskof a heterogeneous portfolio of banks during the recent financial crisis
20 January 2010 BIS Papers:
Monetary policy and the measurement of inflation: prices, wages and expectations
14 January 2010 IFC Bulletin:

Economic and financial convergence en route to regional economic integration: experience, prospects and statistical issues amidst global financial turmoil
11 January 2010 Press release:
Group of Central Bank Governors and Heads of Supervision reinforces Basel Committee reform package
8 January 2010 Press release:
New Chairman of the Joint Forum
8 January 2010 Basel Committee press release and publication:
Review of the differentiated nature and scope of financial regulation - key issues and recommendations
6 January 2010 Working Papers:
Consumption and real exchange rates in professional forecasts