Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
CPMI report identifies steps to enhance cross-border payments
The CPMI report comprehensively sets out the necessary elements to improve cross-border payments to make them faster, cheaper, more transparent and inclusive. The CPMI is committed to taking a leading role in developing and implementing…
BIS: Basel Committee reports on Basel III implementation…
Report sets out the adoption status of Basel III standards in member jurisdictions as of end-May 2020 Report shows further progress in implementing these standards since previous report in October 2019 Committee will continue to…
Basel Committee publishes final revisions to the credit…
The Basel Committee on Banking Supervision today published an updated standard for the regulatory capital treatment of credit valuation adjustment (CVA) risk for derivatives and securities financing transactions. The revisions for the regulatory capital treatment of CVA…
Central banks a stabilising force in response to…
Central banks played a crucial role together with fiscal and prudential authorities in a concerted response to the Covid-19 crisis. The lender of last resort role of central banks has evolved as they sought to…
BIS to establish Innovation Hub Centre in Stockholm
To extend global reach, BIS is establishing four new Innovation Hub Centres over the next two years to foster international collaboration on innovative financial technology within the central banking community. A Nordic Hub Centre will…
