BIS 100 strategy targets resilience, connections for central banks

The Bank for International Settlements (BIS) has launched its new 'BIS 100' strategy, aiming to strengthen central bank cooperation and financial resilience. This comes as the institution confronts new, profound challenges including geopolitical conflicts and high public debt.

BIS 100: A strategic compass for stability

The BIS has unveiled its 'BIS 100: Building resilience, strengthening connections' strategy, developed in consultation with stakeholders.

This new plan, guiding activities until the Bank's 100th anniversary in 2030, focuses on four key areas.

These include deepening economic and policy insights into monetary and financial stability, enhancing knowledge-sharing among central banks, and exploring policy-relevant innovation in technologies like AI and tokenisation.

Furthermore, the strategy aims to strengthen customised banking services for the central bank community, diversifying clients and broadening access to liquidity.

Strategic enablers like technology adoption, workspace improvements, and a high-performing workforce underpin these efforts, ensuring operational excellence and resilience.

Navigating a fragmented global landscape

The new strategy emerges as central banks face profound challenges beyond price stability, including shifts in international trade, geopolitical conflicts, energy price shocks, and financial sector vulnerabilities.

General Manager Pablo Hernández de Cos stressed that 'international cooperation among central banks is essential' in these times.

The BIS supports its members by providing an independent platform for dialogue and in-depth analysis.

Over the past year, its economic analysis covered global financial system evolution, economic fragmentation, and digital finance.

The Basel Process strengthened financial system resilience, and the Innovation Hub explored leading-edge technologies for central banks and regulators.

A steady hand in turbulent times

The BIS's new strategy provides a timely and necessary framework for international central bank cooperation.

Its emphasis on core mandates, innovation, and strengthened services directly addresses the complex, interconnected challenges facing global finance.

While ambitious, the plan's focus on internal stewardship and operational excellence suggests a pragmatic approach to fostering stability.