Bank for International Settlements (BIS)

234 results about this entity

Period: 19 Mar 2007 - 16 Oct 2024

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Basel Committee warns banks on crypto asset exposures

/regulation

Basel Committee warns banks on crypto asset exposures

Global banking regulators have set out a minimum set of standards for financial institutions to adhere to when dealing with crypto assets.

Central banks proceeding with caution on own digital currencies

/payments

Central banks proceeding with caution on own digital currencies

Most central banks are exploring central bank digital currencies (CBDCs) but hardly any are at the pilot stage and even fewer see issuance as likely in the short or medium term, according to a Bank for International Settlements (BIS) survey.

/security

Bank for International Settlements hones in on cyber-resilience

The Basel Committee on Banking Supervision today published the report Cyber-resilience: range of practices.

BIS: Cryptocurrencies are an environmental disaster that could break the Internet

BIS: Cryptocurrencies are an environmental disaster that could break the Internet

In a scathing take-down of cryptocurrencies, the Bank for International Settlements says the replacement of retail payments by virtual money would break the Internet and lead to an environmental catastrophe.

Central banks urge industry wide take-up of strategy to improve wholesale payments security

The Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing, settlement and related arrangements, urges stakeholders to pursue a common strategy to improve the security of wholesale payments that involve banks, financial market infrastructures and other financial institutions.

Regulators express concern over CCP lag on risk management and recovery planning

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) today published a report, entitled Implementation monitoring of PFMI: follow-up Level 3 assessment of CCPs’ recovery planning, coverage of financial resources and liquidity stress testing, assessing the progress made by central counterparties (CCPs) in addressing the most serious issues of concern that were identified in an initial Level 3 report published in 2016.

New members join BIS Committee on Payments and Market Infrastructures

The central banks of Argentina, Indonesia and Spain are joining the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for the payment, clearing and settlement systems that underpin global financial markets.

BIS warns central banks on digital currency issuance

BIS warns central banks on digital currency issuance

Central banks should steer clear of developing their own digital currencies for issue to the general public the Bank for International Settlements has warned.

Basel Committee outlines disruptive fintech scenarios

Basel Committee outlines disruptive fintech scenarios

The Basel Committee on Banking Supervision has outlined five potential scenarios describing the potential impact of fintech on banks.

BIS: Choice and diversity are the key to quicker, cheaper cross-border retail payments

There is room to improve the infrastructure for payments made by individuals and businesses that cross borders, according to a new report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services.

BIS general manager calls for central banks to act against 'parasitical' virtual currencies

BIS general manager calls for central banks to act against 'parasitical' virtual currencies

A senior executive at the Bank for International Settlements has delivered a scathing attack on bitcoin, deriding the virtual asset as a ponzi scheme and environmental disaster, and calling on central banks to act against the "invasive" spread of cryptcurrencies.

Central banks seek better wholesale payments security

Central banks seek better wholesale payments security

The Committee on Payments and Market Infrastructures (CPMI) has set out a plan to improve the security of wholesale payments that involve financial institutions in a bid to prevent a repeat of last year's $81 million Bangladesh Bank hack.

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