Bank for International Settlements
BISSpeech
Spanish housing shortages push renter cost burden above 25 percent
Spain faces an escalating housing affordability crisis driven by structural supply shortages, with one third of tenant households now spending over 30 percent of their income on rent, according to the Banco de España.
Focus
BISSpeech
Cassim outlines financial market transmission for SARB policy
South African Reserve Bank Deputy Governor Rashad Cassim emphasized the role of financial markets in transmitting monetary policy during an address in Johannesburg.
BISSpeech
EU bank resolution regime suffers from structural flaws
The European Single Resolution Mechanism faces procedural complexity, legal fragmentation and strict funding limits that undermine its efficiency.
Latest
BISSpeech
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.
BISPaper
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.
BISData
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.
More Topics
BISDecoder
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.
BISPaper
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.
BISPaper
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.
BISPaper
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.
BISPaper
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.
BISPaper
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.