http://www.bis.org/list/cgfs/index.rss Publications of the Committee on the Global Financial System (CGFS), monitoring developments in global financial markets for the central bank Governors of the G10 countries. en http://www.bis.org/publ/cgfs46.htm Abstract of "The macrofinancial implications of alternative configurations for access to central counterparties in OTC derivatives markets", November 2011 The macrofinancial implications of alternative configurations for access to central counterparties in OTC derivatives markets 2011-11-17T20:00:00Z The G-20 leaders' commitment that all standardised over-the-counter (OTC) derivatives will be centrally cleared by the end of 2012 is intended to increase the safety and resilience of the global financial system. Achieving these objectives depends importantly on the arrangements through which market participants obtain access to central clearing. Such arrangements could include increased use of existing global CCPs; the establishment of domestic CCPs in a number of jurisdictions; and the possible construction of links between CCPs. This report analyses the potential implications for financial stability and efficiency of these alternative access arrangements to CCPs. The macrofinancial implications of alternative configurations for access to central counterparties in OTC derivatives markets 2011-11-17T20:00:00Z BIS Central Counterparties OTC derivatives domestic ccps ccp links PDF version http://www.bis.org/publ/cgfs46.pdf November 2011 Bank for International Settlements: CGFS Publications 46 G15 G18 G21 G28 http://www.bis.org/publ/cgfs45.htm Abstract of "Global liquidity - concept, measurement and policy implications", November 2011 Global liquidity - concept, measurement and policy implications 2011-11-13T20:00:00Z Global liquidity has become a key focus of international policy debates over recent years. This reflects the view that global liquidity and its drivers are of major importance for international financial stability. The concept of global liquidity, however continues to be used in a variety of ways and this ambiguity can lead to unfounded and potentially destabilising policy initiatives. Global liquidity - concept, measurement and policy implications 2011-11-13T20:00:00Z BIS global liquidity special drawing rights IMF programmes precautionary reserves credit aggregates central bank swaps PDF version http://www.bis.org/publ/cgfs45.pdf November 2011 Bank for International Settlements: CGFS Publications 45 E50 F30 E44 http://www.bis.org/publ/cgfs44.htm Abstract of "Fixed income strategies of insurance companies and pension funds", July 2011 Fixed income strategies of insurance companies and pension funds 2011-07-12T19:00:00Z Fixed income strategies of insurance companies and pension funds 2011-07-12T19:00:00Z BIS asset allocation pension funds insurance companies accounting changes Solvency II fixed income markets PDF version http://www.bis.org/publ/cgfs44.pdf July 2011 Bank for International Settlements: CGFS Publications 44 M40 G23 G22 G28 http://www.bis.org/publ/cgfs43.htm Abstract of "The impact of sovereign credit risk on bank funding conditions", July 2011 The impact of sovereign credit risk on bank funding conditions 2011-07-11T08:00:00Z The impact of sovereign credit risk on bank funding conditions 2011-07-11T08:00:00Z BIS banks policy sovereign debt management bank funding Europe tranmission channels PDF version http://www.bis.org/publ/cgfs43.pdf July 2011 Bank for International Settlements: CGFS Publications 43 E60 G21 E58 http://www.bis.org/publ/cgfs42.htm Abstract of "Interactions of sovereign debt management with monetary conditions and financial stability", May 2011 Interactions of sovereign debt management with monetary conditions and financial stability 2011-05-23T08:00:00Z Interactions of sovereign debt management with monetary conditions and financial stability 2011-05-23T08:00:00Z BIS central banks financial stability monetary conditions sovereign debt management PDF version http://www.bis.org/publ/cgfs42.pdf May 2011 Bank for International Settlements: CGFS Publications 42 E60 E61 E58 http://www.bis.org/publ/cgfs41.htm Abstract of CGFS Papers No 41 on "Long-term issues in international banking", July 2010 Long-term issues in international banking 2010-07-29T10:17:00Z Long-term issues in international banking 2010-07-29T10:17:00Z BIS PDF version http://www.bis.org/publ/cgfs41.pdf July 2010 Bank for International Settlements: CGFS Publications 41 F36 G21 F34 G28 http://www.bis.org/publ/cgfs40.htm Abstract of "Research on global financial stability: the use of BIS international financial statistics", June 2010 Research on global financial stability: the use of BIS international financial statistics 2010-06-30T09:03:00Z Research on global financial stability: the use of BIS international financial statistics 2010-06-30T09:03:00Z BIS international financial statistics global financial stability PDF version http://www.bis.org/publ/cgfs40.pdf June 2010 Bank for International Settlements: CGFS Publications 40 http://www.bis.org/publ/cgfs39.htm Abstract of "Funding patterns and liquidity management of internationally active banks", May 2010 Funding patterns and liquidity management of internationally active banks 2010-05-26T23:00:00Z Funding patterns and liquidity management of internationally active banks 2010-05-26T23:00:00Z BIS PDF version http://www.bis.org/publ/cgfs39.pdf May 2010 Bank for International Settlements: CGFS Publications 39 F34 G21 G01 F36 http://www.bis.org/publ/cgfs38.htm Abstract of "Macroprudential instruments and frameworks: a stocktaking of issues and experiences", May 2010 Macroprudential instruments and frameworks: a stocktaking of issues and experiences 2010-05-20T23:00:00Z Macroprudential instruments and frameworks: a stocktaking of issues and experiences 2010-05-20T23:00:00Z BIS systemic risk PDF version http://www.bis.org/publ/cgfs38.pdf May 2010 Bank for International Settlements: CGFS Publications 38 G28 E58 G18 G01 http://www.bis.org/publ/cgfs37.htm Abstract of "The functioning and resilience of cross-border funding markets", March 2010 The functioning and resilience of cross-border funding markets 2010-03-24T10:00:00Z The functioning and resilience of cross-border funding markets 2010-03-24T10:00:00Z BIS financial crises financial markets financial crisis PDF version http://www.bis.org/publ/cgfs37.pdf March 2010 Bank for International Settlements: CGFS Publications 37 G15 F31 E58 G01 http://www.bis.org/publ/cgfs36.htm Abstract of "The role of margin requirements and haircuts in procyclicality", March 2010 The role of margin requirements and haircuts in procyclicality 2010-03-23T15:11:00Z The role of margin requirements and haircuts in procyclicality 2010-03-23T15:11:00Z BIS procyclicality effect procyclicality risk-taking channel PDF version http://www.bis.org/publ/cgfs36.pdf March 2010 Bank for International Settlements: CGFS Publications 36 G28 G32 G15 G21 http://www.bis.org/publ/cgfs35.htm Abstract of 'Credit risk transfer statistics', September 2009 Credit risk transfer statistics 2009-09-30T09:00:00Z Credit risk transfer statistics 2009-09-30T09:00:00Z BIS Credit risk CRT Credit Risk Transfer PDF version http://www.bis.org/publ/cgfs35.pdf September 2009 Bank for International Settlements: CGFS Publications 35 C8 G10 http://www.bis.org/publ/cgfs34.htm Abstract of 'The role of valuation and leverage in procyclicality', a report prepared by a joint Working Group of the FSF and the CGFS, April 2009 The role of valuation and leverage in procyclicality 2009-04-17T09:00:00Z The role of valuation and leverage in procyclicality 2009-04-17T09:00:00Z BIS leverage ratio funding liquidity risk maturity mismatch embedded leverage PDF version http://www.bis.org/publ/cgfs34.pdf April 2009 Bank for International Settlements: CGFS Publications 34 http://www.bis.org/publ/cgfs33.htm Abstract of 'Capital flows and emerging market economies', January 2009 Capital flows and emerging market economies 2009-01-19T10:00:00Z Capital flows and emerging market economies 2009-01-19T10:00:00Z BIS Current Account Adjustment emerging market economies banks capital flows mortgages international investment long-term capital movements short-term capital movements financial aspects of economic integration other depository institutions micro finance institutions pension funds other private financial institutions government policy and regulations PDF version http://www.bis.org/publ/cgfs33.pdf January 2009 Bank for International Settlements: CGFS Publications 33 http://www.bis.org/publ/cgfs32.htm Abstract of 'Ratings in structured finance: what went wrong and what can be done to address shortcomings?', July 2008 Ratings in structured finance: what went wrong and what can be done to address shortcomings? 2008-07-04T09:00:00Z Ratings in structured finance: what went wrong and what can be done to address shortcomings? 2008-07-04T09:00:00Z BIS rating agencies credit ratings structured finance subprime mortgages PDF version http://www.bis.org/publ/cgfs32.pdf July 2008 Bank for International Settlements: CGFS Publications 32