Bank for International Settlements – BIS

On 22–23 October, senior banking supervisors and central bankers from the Americas met in Port of Spain, Trinidad and Tobago, for a high-level meeting on banking supervision. The event brought together heads of supervisory authorities, central bank Governors and Deputy Governors, and high-level officials from the region, as well as senior private sector participants. It was hosted by the Central Bank of Trinidad and Tobago, and co-organised by the Asociación de Supervisores Bancarios de las Américas A.C. (ASBA), the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Institute (FSI) of the Bank for International Settlements. Larry Howai, Governor and Chairman of the Board of Directors at the Central Bank of Trinidad and Tobago, opened the event. Alexandre Tombini, Chief Representative of the BIS Representative Office for the Americas, led a discussion on financial sector developments in Latin America and the Caribbean region. Jorge Mogrovejo, FRM, SCR, Deputy Superintendent of Superintendencia de Banca, Seguros y AFP del Perú and Chairman of the ASBA Board of Directors, FSI Chair Fernando Restoy Lozano and BCBS Deputy Secretary General Joanne Marsden chaired sessions related to prudential issues – on home/host coordination for cross-border banking supervision, bank insolvency regimes and supervisory effectiveness, respectively. Belline Santana, Head of the Banking Supervision Department at the Banco Central do Brasil, led a discussion on recent developments in the area of payment systems, eg cryptoassets, stablecoins and tokenised central bank money. The meeting concluded with a session chaired by Hernan Colman, Asociación de Supervisores Bancarios de las Américas A.C. (ASBA) Secretary General, on regional supervisory priorities. #FinancialStabilityInstitute

The emergence of yield-bearing products based on payment stablecoins has brought new challenges for policymakers. These products, offered by some cryptoasset service providers, blur the line between payment instruments and investments. They may compete with bank deposits but are often provided without equivalent prudential oversight, deposit insurance and transparency. This exposes users to consumer protection gaps and financial losses. In the latest FSI Brief, Denise García analyses existing regulatory approaches for stablecoin-related yields. The paper describes mechanisms behind yield generation and the risks they pose. It provides an overview of the current regulatory treatment applicable to stablecoin-related yields for issuers and cryptoasset service providers in four jurisdictions that have enacted or are developing stablecoin regulations. As stablecoins become more integrated into the financial system, a consistent and effective regulatory framework will be key to addressing consumer protection and financial stability risks. https://bit.ly/43rZUHX #StablecoinYield #InvestorProtection #FinancialStabilityInstitute

The Basel Committee’s latest monitoring report, published today, shows banks’ capital ratios increased in the second half of 2024. The report, based on data as of 31 December 2024, sets out trends in current bank capital and liquidity ratios and the impact of the fully phased-in Basel III framework. It covers both large internationally active banks and smaller banks. The weighted average Liquidity Coverage Ratio (LCR) decreased compared with the previous reporting period, with three large banks reporting an LCR below the 100% minimum requirement. The weighted average Net Stable Funding Ratio was stable, with all banks reporting ratios above the minimum requirement of 100%. The report features an updated interactive dashboard and, for the first time, allows users to download the underlying data directly. Further details are available here: https://bit.ly/4oedWFm #BaselCommittee #BaselIII

Discover how the BIS supports financial markets in Asia and the Pacific in our Annual Report. Meet a Principal Dealer from our Regional Treasury dealing room, who manages interest rate products and helps launch new investment services to clients. Explore how collaboration drives progress. Read more: https://lnkd.in/d9xQXMYY #BISAnnualReport

On this World Statistics Day, we recognise the work of statisticians who worked on the Triennial Central Bank Survey of foreign exchange and Over-the-counter (OTC) derivatives markets, as well as a recent video based on its findings. Gain insights into global FX and OTC interest rate derivatives market activity as of April 2025: https://bit.ly/42SyaMn

Behind every impactful decision lie robust data. At the BIS, our team of statisticians works tirelessly to compile and disseminate high-quality statistics that support policymakers, central banks and supervisory authorities around the globe. From international banking and derivatives to property prices and debt securities, our statistics provide insights into key macroeconomic and financial areas. We are committed to accuracy, transparency and innovation, ensuring our data remain relevant and accessible to all. In celebration of World Statistics Day on 20 October, watch this video to discover how our statisticians collaborate, innovate and contribute to the global statistical community. Together, we bridge information gaps and facilitate informed decisions. Explore the BIS Data Portal and learn more: https://data.bis.org/ #WorldStatisticsDay

We were pleased to participate in this week’s International Monetary Fund and The World Bank Annual Meetings in Washington DC, where we had productive discussions on the global economy and financial stability. General Manager of the BIS Pablo Hernández de Cos and IMF Managing Director Kristalina Georgieva met to discuss global financial resilience and institutional collaboration. In a busy week of meetings and dialogue with central banks and international organisations, he led the BIS delegation at the G20 Finance Ministers and Central Bank Governors Meeting, where BIS contributed a report on the use of AI for policy purposes: https://bit.ly/4n66lrn Across town at the Institute of International Finance, Andrea M Maechler spoke on a panel about AI and tokenisation, giving an update on Project Agorá, the largest BIS Innovation Hub project, which explores the tokenisation of cross-border payments. Participating central banks in Project Agorá also met on the sidelines of the meeting together with BIS and IIF. More about this project: https://bit.ly/4ar02cj Fernando Restoy Lozano and Neil Esho also joined panels on bank supervision and global standard-setting. While in his keynote address, Basel Committee chair Erik Thedéen emphasised the committee focus on three I’s: Basel III Implementation, responsible digital Innovation and addressing risks from Interconnections. Read it here: https://bit.ly/3KS4oRR Hyun Song Shin also met academia and addressed delegates at Georgetown University, where he discussed structural changes in the global financial system and financial stability risks at DebtCon8 - the 8th Interdisciplinary Sovereign Debt Research and Management Conference. The BIS also worked with the FintechFoundation and World Bank to create an engaging programme on the international financial system at #DCFintechWeek #Finchella. Mr Shin opened the proceedings, which also included participation by Maha El Dimachki, Fernando Perez-Cruz, Jon Frost and Shim Ilhyock.

Project Symbiosis – a collaboration between the BIS Innovation Hub Hong Kong Centre and the Hong Kong Monetary Authority – used cutting-edge technology to develop new ways for companies to track and disclose the environmental impact of their activities and those of their suppliers. Project Symbiosis aims to encourage more sustainable practices by providing better insights into the sustainability performance of a company's supply chain. It showed that AI and related technology approaches can help improve the speed, breadth and quality of data collection, and generate intelligent environmental impact results that are flexible with respect to a wide range of data availability scenarios. It can also highlight financeable emission reduction opportunities. The lessons of Project Symbiosis, while applied in the context of Scope 3 reporting, are of broader significance, illustrating how AI and related technologies may be applied in a range of contexts such as risk assessment, supply chain management, and reporting automation as its rapid evolution continues. Read the full report here: https://lnkd.in/eJTVDwAi

Andrea M Maechler, Deputy General Manager, participated in the International Monetary Fund and The World Bank Annual Meetings, speaking at the Institute of International Finance event titled “Financial Markets in the Technology Age: AI and Tokenisation”.