Bank for International Settlements
BIS
Speech
Hernández de Cos urges tokenised deposits over stablecoins
BIS General Manager Pablo Hernández de Cos warned at the Jackson Hole symposium on August 28, 2026, that stablecoins fail to uphold the singleness of money.
Focus
BIS
Paper
Stablecoin reserves stay exposed to risk taken elsewhere
A Financial Stability Institute study of stablecoin regimes across the EU, Hong Kong, Singapore, the UK, and the US shows that activity limits apply only to issuing entities, leaving non-bank groups exposed to contagion risks.
BIS
Data
Global real house prices fall 1.2 percent in first quarter
Aggregated global residential property prices adjusted for inflation declined by 1.2 percent year-on-year in the first quarter of 2026.
Latest
BIS
Decoder
Six criteria set resolution planning scope for systemic insurers
Authorities must establish tailored resolution frameworks for systemically critical insurers to protect policyholders and prevent taxpayer bailouts.
BIS
Paper
LLMs detect 79 capital rule divergences in G-SIB AT1 prospectuses
A Bank for International Settlements study presents a large language model screening procedure to identify divergences between bank prospectuses and regulatory capital rules.
BIS
Paper
Lower reserve requirements delay wholesale settlements
Reductions in reserve requirements prompt financial institutions to shift large-value payment settlements toward later hours of the day.
More Topics
BIS
Paper
Liquidity rules reshape bank reserve demand rather than raise it
A Bank for International Settlements study finds that post-crisis liquidity rules and market frictions reshape central bank reserve demand rather than shifting it outward.
BIS
Paper
Trimmed mean trade data cuts US forecast errors up to 15 percent
New trimmed import and export growth rates for the United States reduce forecast errors by up to 15 percent over four to 12 months.
BIS
Paper
High debt triples risk premium response to fiscal deficits
Public debt at multi-decade highs in the Americas amplifies the sensitivity of sovereign risk premia to fiscal deficits, a new BIS Bulletin study shows.
BIS
Paper
Repo markets: efficient and fragile for the same reasons
A multi-central bank study shows that the 16 trillion dollar global repo market provides essential liquidity while harboring acute structural vulnerabilities.
BIS
Paper
Rising complexity premia explain four decades of US wage inequality
A Federal Reserve Board study shows that occupational problem-solving complexity strongly predicts US wage growth since 1980.
BIS
Paper
AI growth increases US output volatility by 2.8 percent
A Kansas City Fed working paper finds that artificial intelligence development is concentrated in volatile occupations and has increased US output volatility by 2.8 percent, roughly 3.5 times the impact of the 1990s IT boom.