BIS


Policy

Banking Heavyweights Oppose Basel’s Proposed Rules on Crypto Capital Requirements

Banks including JPMorgan Chase and Deutsche Bank oppose “overly conservative” proposals they say would prevent banks from getting involved in crypto asset markets.

Bank for International Settlements. Basel, Switzerland.

Policy

BIS Signals Central Banks to Start Work on CBDCs

The head of the BIS Innovation Hub says central banks must retain the ability to uphold financial stability.

Benoit Coeure, executive board member of the European Central Bank (ECB), pauses at the central, eastern and south-eastern European economies (CESEE) conference at the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, June 12, 2019. International Monetary Fund leader Christine Lagarde called on governments to de-escalate current trade disputes and instead work to fix the global system. Photographer: Andreas Arnold/Bloomberg via Getty Images

Policy

Australia, Malaysia, Singapore, South Africa to Trial CBDCs for Cross-Border Payments

The four central banks are working on a joint project that will develop and test shared platforms for international settlements with multiple CBDCs.

Harold Cunningham/Getty Images

Videos

BIS, IMF, World Bank: Central Banks Must Consider Cross-Border Implications of CBDCs

In a paper published Friday, the Bank for International Settlements (BIS) said central banks worldwide should be focused more on cross-border settlement issues than domestic issues and on making central bank digital currencies (CBDCs) in different jurisdictions interoperable. “The Hash” hosts discuss surveillance concerns for CBDCs and the feasibility of the statements.

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Markets

BIS, IMF, World Bank Say Central Banks Must Consider Cross-Border Implications of CBDCs

Central banks are focusing on domestic CBDC use, even though the implications go beyond borders.

BIS' headquarters building in Basel, Switzerland.

Markets

BIS Rules Out Distrust in Mainstream Finance as Crypto Driver

People with more security concerns about fiat money may seek information about crypto, but ultimately decide not to invest.

BIS headquarters in Basil, Switzerland.

Markets

BIS Says Bitcoin Has Few Redeeming Attributes

Cryptocurrencies are "speculative assets rather than money" used in many cases to facilitate financial crime, the central bank organization said.

BIS headquarters in Basil, Switzerland.

Markets

Basel Committee Proposes Banks Set Aside Capital to Cover Bitcoin Exposure

The committee proposed splitting crypto assets into two groups: those eligible for treatment under existing frameworks and those that are not.

BIS headquarters in Basil, Switzerland.

Policy

Basel Committee Says It Will Study Crypto-Asset Rules

The committee said it will publish a consultation document later this week.

BIS headquarters in Basil, Switzerland.