Macroprudential regulation and policy

The Bank for International Settlements (BIS) and the Bank of Korea (BoK) jointly organised a conference on macroprudential regulation and policy in Seoul, Korea, on 16-18 January 2011. The conference aimed to bring academics together with researchers at central banks and other public institutions to present and discuss ongoing theoretical and empirical work in the field.

Is the long-term interest rate a policy victim, a policy variable or a policy lodestar?

Few financial variables are more fundamental than the "risk free" real long-term interest rate because it prices the terms of exchange over time. During the past 15 years, it has dropped from a range of 4 to 5% to a range of 0 to 2%.

Currency Momentum Strategies

We provide a broad empirical investigation of momentum strategies in the foreign exchange market. We find a signiffcant cross-sectional spread in excess returns of up to 10% p.a. between past winner and loser currencies. This spread in excess returns is not ...

BIS Quarterly Review December 2011 – International banking and financial market developments . In this issue:

1) FX strategies in periods of distress

2) Renminbi internationalisation and China's financial development

3) Assessing global liquidity

4) The impact of recent central bank asset purchase programmes

5) Enhanced BIS statistics on credit risk transfer

Basel III framework for liquidity - Frequently asked questions

Pillar 3 disclosure requirements for remuneration - final document

Principles for the Sound Management of Operational Risk - final document and Operational Risk - Supervisory Guidelines for the Advanced Measurement Approaches - final document

Mervyn King to chair from November the Global Economy Meeting, Economic Consultative Committee, Group of Governors and Heads of Supervision;
Stefan Ingves to chair Basel Committee on Banking Supervision (press release)

Measures for global systemically important banks agreed by the Group of Governors and Heads of Supervision (press release)

Capital treatment for bilateral counterparty credit risk finalised by the Basel Committee (press release)

Basel III: a roadmap to better banking regulation and supervision (speech by Nout Wellink)

Range of methodologies for risk and performance alignment of remuneration - final document

Basel III: stronger banks and a more resilient financial system (speech by Stefan Walter)

BCBS and CPSS to issue guidance on foreign exchange settlement risk (press release)

The transmission channels between the financial and real sectors: a critical survey of the literature

Revisions to the Basel II market risk framework - updated as of 31 December 2010

Messages from the academic literature on risk measurement for the trading book

Core Principles for Effective Deposit Insurance Systems - A methodology for compliance assessment - final document

The New Framework for Banking Supervision (speech by Nout Wellink)

Basel III and beyond (speech by Nout Wellink)

Final elements of the reforms to raise the quality of regulatory capital issued by the Basel Committee (press release)

Capitalisation of bank exposures to central counterparties - consultative document

• Basel III: A global regulatory framework for more resilient banks and banking systems
• Basel III: International framework for liquidity risk measurement, standards and monitoring
• Results of the comprehensive quantitative impact study
• Guidance for national authorities operating the countercyclical capital buffer