Fernando González Urbaneja & Luis Martí | Agustín Carstens, Managing Director of the Bank for International Settlements, Basel (BIS), explains that “I think this is a change of era. While it is true that it may coincide with a change of cycle, I believe we are facing a change of era for several reasons. There are structural factors that helped us during the last few years, since before the global…
In its last report about Big tech in finance, the Bank of International Settlements (BIS) warns about the risk of a “digital monopoly” of tech companies which own their clients´ information for free.
The recovery seen in the banks’ activity at an international level at the beginning of this year has been temporary. In line with data from the BIS, the banks’ international activity fell $91 in the second quarter from the first. With the exception of loans to non-banking institutions.
Bankia Estudios | At end-2016, the emerging economies’ public debt rose to 11.7 trillion dollars, double the level of 2007, reaching 51% of GDP, according to a report from the Bank for International Settlements (BIS). But the composition of that debt is improving and has reduced the risk fuelled by market volatility in uncertain times.
According to figures from the latest quarterly report of the Bank for International Settlements (BIS), there is a gradual normalisation happening in the interbank market.
July 1, 2015 | By Benjamin Cole via Marcus Nunes‘ Historinhas | The central banker’s club known as the Bank of International Settlements (BIS), suitably HQ’ed in Basel, Switzerland, this past weekend released its annual report, and advocated the globe’s major central banks raise interest rates to combat the chronic lack of aggregate demand and low inflation-deflation dogging the world’s developed economies.
SAO PAULO | By Marcus Nunes via Historinhas | The depression may not be “Great”, but it has certainly been “Prolonged”. And like many things, good or bad, that persist, people “get used” to it! And there are those, like the BIS, who think that deepening the depression is worth it if it means reducing the risk of another financial crisis! The world´s major central banks have certainly caused a lot of damage by tightening money in the face of imaginary inflation dangers, but at least they are shrugging off the BIS “recommendations”.
WASHINGTON | By Pablo Pardo | The Monty Python are back in London, and one of their most famous sketches revolves around the phrase “nobody expects the Spanish Inquisition.” The Bank of International Settlements (BIS) is like the Spanish Inquisition, only less funny and more predictable than the British surreal comedy group: it is the bearer of orthodoxy, even if it means sending everybody to the stake. Its prescriptions are suicidal in economic terms, wrong from a moral point of view, and unjust from a societal perspective.
MADRID | The Corner | Swiss-based Bank for International Settlements (BIS) is concerned about a troubling disconnection between “markets’ buoyancy and underlying economic developments globally.” The international body representing central banks believes the risk of central banks normalizing monetary policy too late and too gradually shouldn’t be underestimated, pointing out that extremely accommodative monetary policy has a diminished effect over time. Meanwhile, the IMF has been asking to break the lethargy of the European economy with measures against low inflation for months with more stimulus.
MADRID | By Luis Arroyo | You probably know Jaime Caruana. He is an inept who ignored the warning signals of the Spanish bubble although as the central bank governor he was the main responsible for it. And now that he is the Bank for International Settlements (BIS) head and Spain’s housing prices have declined by 40% on average according to property valuer Tinsa, he disregards deflation risks.