What new challenges emerge from bigtech participation in financial services, and how should policy makers and regulators tackle them? Those are the questions considered in a new brief from the Bank for International Settlements (BIS) Financial Stability institute (FSI), ‘Big techs in finance: regulatory approaches and policy options.’
The BIS (Bank of International Settlements) has published a new report with the results of a 2020 survey on the use of big data by central banks.
The Bank for International Settlements’ Innovation Hub (BISIH) has a new work programme for 2020/21, its second full year, aiming to foster international collaboration among central banks on innovative financial technology.
The rise of data and digitisation means changes are afoot in the financial system. But what will characterise the central bank of the future? Agustín Carstens, General Manager of the Bank for International Settlements (BIS), recently addressed how the BIS Innovation Hub is helping the bank tackle the big questions of our digital era.
A recent speech by Benoît Cœuré, Head of the Bank for International Settlements Innovation Hub, at the World FinTech Festival, outlined the role central banks have to play in innovation.
A recent Bank of International Settlements (BIS) paper takes a deep dive into the landscape, prospects and challenges of FinTech in Latin America, arguing that the continent is at the cusp of progress in this area.
What do the coronavirus pandemic and climate breakdown have in common? They both present a huge threat to global financial stability, stemming from massive global negative externalities rooted in ecological change. They both entail dramatic economic, financial and social damage. And, despite continued warning of their certainty from scientists, we have failed to systematically consider […]
In the Bank of International Settlements’ (BIS) latest podcast Bruno Tissot, Head of Statistics and Research Support at BIS, discusses how we can best use big data, the opportunities and challenges it presents, and the policy issues it creates. Tissot likes to see big data as organic data as opposed to static data: static data is collected […]
What will be behind the next global financial crisis? According to the Bank for International Settlements (BIS), it could be climate change, which has the potential to unleash ‘extremely financially disruptive events.’ In their words — “integrating climate-related risk analysis into financial stability monitoring is particularly challenging because of the radical uncertainty associated with a […]
The Bank for International Settlements has launched FRAME, a public, online and interactive repository of studies on the effects of financial (especially banking) regulations. While many readers of this newsletter are focussed on what and how information is collected from regulated organisations, as well as the rules that underpin those data collections, arguably not enough time […]