BANK FOR INTERNATIONAL SETTLEMENTS “BIS REVIEW No. 72”: BEN BERNANKE ON CENTRAL BANKS

May 27, 2010 at 11:12 am | Posted in Asia, Economics, Financial, Globalization, Research | Leave a comment

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BIS Review

Bank for International Settlements

BIS Review No 72 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Thu 5/27/10

Please find BIS Review No 72 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 72 (27 May 2010)

Ben S Bernanke: Central bank independence, transparency, and accountability

Masaaki Shirakawa: Future of central banks and central banking

José De Gregorio: Tackling the capital inflow challenge

Anselmo L S Teng: The international financial crisis – impact on Asia and lessons for Macao

Sultan Bin Nasser Al-Suwaidi: The regulatory partnerships for sustained growth in the Menasa Area

e-mail press@bis.org

BIS Review

Bank for International Settlements

BIS Review No 72 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Thu 5/27/10

banknotes.jpg

COMMITTEE ON THE GLOBAL FINANCIAL CRISIS: REPORT

May 27, 2010 at 7:42 am | Posted in Economics, Eurozone, Financial, Globalization, History, Research | Leave a comment

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Committee on the Global Financial System (CGFS)

Funding patterns and liquidity management of

internationally active banks: report published

by CGFS

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Thu 5/27/10

The Committee on the Global Financial System (CGFS) today released a report on Funding patterns and liquidity management of internationally active banks.

The report was prepared by a study group that was established by the CGFS and chaired by Mário Mesquita, former Deputy Governor of the Central Bank of Brazil.

The report investigates changes in funding practices and liquidity management of international banks in response to the crisis. The report makes the following observations:

The diversity in existing business models, with a mix of decentralised and centralised institutions, is the result of many factors and likely to be a source of systemic resilience.

After the global financial crisis, liquidity management appears to be more centralised than was the case before. At the same time, international banks seem inclined to marginally and gradually increase local funding of local assets.

Regulatory developments are likely to lead to further changes in funding and liquidity management, especially if host regulators implement local requirements that go beyond those laid down by international standards.

A proliferation of host country regulation could imply that global banking groups would have to decentralise important aspects of their funding and liquidity management, hold more liquid assets in more locations, and reduce their reliance on intragroup funding.

Further decentralisation would make banks and financial systems more resilient to certain kinds of shocks, but would also entail additional costs.

CGFS Chairman Donald L Kohn said that this report would help to inform the debate on international banking and regulation.

Specific questions regarding the report may be sent to the CGFS Secretariat by email (CGFS@bis.org) or fax (+41 61 280 9100).

Communications,

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Committee on the Global Financial System (CGFS)

Funding patterns and liquidity management of

internationally active banks: report published by CGFS

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Thu 5/27/10

banknotes.jpg


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