Ingo Fender

Ingo Fender

Head of Secretariat
Monetary and Economic Department, Committee on the Global Financial System (CGFS)

Ingo Fender first joined the BIS in 2000. Before taking up his current assignment in 2011, he has held the position of Special Adviser on Financial Stability Policy, with responsibility for coordinating and contributing to the BIS's overall FSB-related activities. He also served as Economist and Senior Economist in the BIS's Financial Markets Group, in the Independent Evaluation Office of the International Monetary Fund (IMF), as a member of the CGFS Secretariat, and as Secretary to the Markets Committee. Prior to joining the BIS, he was a Research Associate with the Bonn-based Center for European Integration Studies (ZEI). He also held positions as Junior Fellow at the same research institute and as Research Assistant at the University of Mannheim, while pursuing doctoral studies at the Universities of Bonn and Mannheim, respectively.


Fields of interest

  • Monetary policy
  • Financial markets
  • Financial stability and macro-prudential issues

Selected Publications

  • "Central Bank Policy in a More Perfect Financial System", Open Economies Review, vol 9, 1998, pp 493-531 (with Jürgen von Hagen).
  • "CDO rating methodology: Some thoughts on model risk and its implications", Journal of Credit Risk, vol 1(3), 2005, pp. 37-58 (with John Kiff).
  • "IMF exchange rate policy advice", 1999-2005, Independent Evaluation Office, International Monetary Fund, May 2007, Washington DC (with Shinji Takagi et al).
  • "The pricing of subprime mortgage risk in good times and bad: Evidence from the ABX.HE indices", Applied Financial Economics, vol. 19(24), 2009, pp 1925-45 (with Martin Scheicher).
  • "Daily CDS pricing in emerging markets before and during the global financial crisis", Journal of Banking and Finance, vol. 36(10), 2012, pp 2786-94 (with Bernd Hayo and Matthias Neuenkirch ).

BIS Research papers

Date Research papers
Dec 2011

Assessing global liquidity

BIS Quarterly Review December 2011

Other authors: Dietrich Domanski and Patrick McGuire

Sep 2010

Bank structure, funding risk and the transmission of shocks across countries: concepts and measurement

BIS Quarterly Review September 2010

Other authors: Patrick McGuire

Jun 2010

European banks' US dollar funding pressures

BIS Quarterly Review June 2010

Other authors: Patrick McGuire

May 2010

Toward a global risk map

Working Papers No 309

Other authors: Stephen G Cecchetti and Patrick McGuire

Sep 2009

Incentives and tranche retention in securitisation: a screening model

Working Papers No 289

Other authors: Janet Mitchell

Sep 2009

The future of securitisation: how to align incentives

BIS Quarterly Review September 2009

Other authors: Janet Mitchell

Mar 2009

The pricing of subprime mortgage risk in good times and bad: evidence from the ABX.HE indices

Working Papers No 279

Other authors: Martin Scheicher

Sep 2008

The ABX: how do the markets price subprime mortgage risk?

BIS Quarterly Review September 2008

Other authors: Martin Scheicher

Mar 2008

Credit fundamentals, ratings and value-at-risk: CDOs versus corporate exposures

BIS Quarterly Review March 2008

Other authors: Nikola Tarashev and Haibin Zhu

Nov 2004

CDO rating methodology: Some thoughts on model risk and its implications

Working Papers No 163

Other authors: John Kiff