Bank for International Settlements

Post-Communist Europe in the Grip of the Global Economic Crisis

To better understand impact of the global financial crisis on the former Soviet satellite states, one has to go back to early nineties. At that point of time the Central European countries undertook shock therapy of so-called...

Banks Put Bailout Cash Straight Back into BOK

Commercial banks deposited more than W14 trillion (US$1=W1,444) in the Bank of Korea but refuse to lend to cash-strapped businesses. They have apparently deposited the money the central bank gave them to boost liquidity back in...

BIS Outlines Way to Value Bank Assets

LONDON -- The Bank for International Settlements outlined the way it thinks banks should assess the fair value of financial instruments, part of its efforts to prevent a repeat of the current financial-market turmoil. Central...

Korean Banks Recovering Pre-Crisis Financial Soundness

The Financial Supervisory Service predicts that Korea¡¯s 14 commercial banks will see their Bank for International Settlements capital adequacy ratios rise from an average 10.79 percent at the end of September to 11.37 percent...

Global OTC derivatives

The notional amounts of over-the-counter derivatives continued to expand in the first half of 2008, according to data from the Bank for International Settlements (BIS). They reached $684 trillion at the end of June, 15% higher...

Bank of International Settlements

A Spanish boss for the BISAs accolades rain down on the Bank of Spain for its deft touch in the run-up to the credit crisis, Jaime Caruana, a former governor of the central bank, has been named as the next general manager of...

BIS names Jaime Caruana general manager

The Board of Directors of the Bank for International Settlements (BIS) today announced the appointment of Jaime Caruana as General Manager. His appointment takes effect on 1 April 2009 and is for a five-year term. Mr Caruana's...

BIS outlines plans to strengthen Basel II

The Basel Committee on Banking Supervision at the Bank for International Settlements (BIS) has announced plans to address the fundamental weaknesses revealed by the financial market crisis related to the regulation, supervision...

IMF's capital markets chief to leave in April (at Reuters)

WASHINGTON, Nov 21 (Reuters) - The International Monetary Fund said on Friday that the head of its monetary and capital markets division would leave in April to become general manager of the Bank for International Settlements....

Falling oil prices hurt EU banks

Banks in Europe, and their unfortunate would-be borrowers, face another blow as plunging oil prices tighten the spigot of petrodollar deposits. But with oil having tumbled to around $55 a barrel from almost $150 this summer and...

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