Bank for International Settlements
Digital payments surge, cash in circulation holds steady
Global cashless payments continue to increase, driven by credit transfers in emerging markets and card payments in advanced economies.
Focus
Unregulated crypto intermediaries pose financial stability risks
A Bank for International Settlements (BIS) paper highlights that cryptoasset service providers (CASPs) increasingly act as financial intermediaries, taking on credit, liquidity, and maturity risks without adequate prudential safeguards.
Labor market power amplifies discrimination against immigrants
A new BIS working paper finds that labor market power significantly amplifies wage and employment discrimination against immigrants.
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Malhotra: RBI fosters India's growth, navigates global challenges
Reserve Bank of India Governor Sanjay Malhotra outlined the central bank's crucial role in fostering India's economic growth and navigating global challenges.
Breeden flags private markets, sovereign debt as new risks
Bank of England Deputy Governor Sarah Breeden highlighted new financial stability vulnerabilities despite the global system's resilience.
Angelini: DLT adoption shows tentative progress
Paolo Angelini, Senior Deputy Governor of Banca d'Italia, stated that Distributed Ledger Technology (DLT) and stablecoin adoption is making tentative progress.
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Rehn: Geopolitics clouds euro area growth, inflation outlook
Olli Rehn, Governor of the Bank of Finland, discussed the impact of geopolitical turmoil on the euro area economy.
Waller outlines plan for modernizing Fed operations
Christopher J Waller, Member of the Board of Governors of the Federal Reserve System, outlined a vision for modernizing Federal Reserve operations.
Mnisi promotes youth financial literacy for resilience
Phil Mnisi, Governor of the Central Bank of Eswatini, urged young people to embrace financial literacy for a resilient future.
Cashless payments: Market dynamics, SNB role, resilience
Petra Tschudin and Thomas Moser of the Swiss National Bank explained the technical and economic workings of cashless payments.
Bond funds hedge currency risk, equity funds speculate
A BIS study reveals significant differences in currency risk management between bond and equity investment funds.
ISO 20022 migration: BIS details benefits and challenges
A BIS brief explores the ISO 20022 migration journey, highlighting its role in enhancing cross-border payments through structured data.