News archive - Before 2004

Working Papers:

Switching from single to multiple bank lending relationships: determinants and implications

by Luísa Farinha and João Santos

BCBS Publications:

Trading and Derivatives Disclosures of Banks and Securities Firms

BCBS Publications:

Intra-Group Transactions and Exposures Principles

BCBS Publications:

Risk concentrations principles

Abstract of 'Risk concentrations principles', December 1999.

BIS speeches:

by André Icard: Instabilité des flux internationaux de capitaux et crises financières

Press releases:

The global OTC derivatives market at end-June 1999

The global OTC derivatives market at end-June 1999 (BIS Press Release 25 Nov 1999)

Quarterly Review, November 1999

Press releases:

Financial Stability Forum establishes working groups

Financial Stability Forum establishes working groups (BIS Press Release 19 Nov 1999)

BIS speeches:

by William R White: The Euro and Financial Markets: Challenges for Bankers and Policymakers

Press releases:

CGFS issues recommendations for the design of liquid markets

CGFS issues recommendations for the design of liquid markets (BIS Press Release 11 Nov 1999)

Press releases:

BIS and the People's Bank of China publish conference papers on strengthening the banking system in China

BIS and the People's Bank of China publish conference papers on strengthening the banking system in China (BIS Press Release 5 Nov 1999)

Working Papers:

Sacrifice ratios and the conduct of monetary policy in conditions of low inflation

by Palle Andersen and William Wascher

Working Papers:

A note on alternative measures of real bond rates

by Palle Andersen

BCBS Publications:

The Core Principles Methodology

Press releases:

CGFS publishes review of financial market events in autumn 1998

CGFS publishes review of financial market events in autumn 1998 (BIS Press Release 8 Oct 1999)

BCBS Publications:

Recommendations for Public Disclosure of Trading and Derivatives Activities of Banks and Securities Firms

Working Papers:

Perceived central bank intervention and market expectations: an empirical study of the yen/dollar exchange rate, 1993 - 96

by William Melick and Gabriele Galati

IFC Bulletin:

The IFC's contribution to the 52nd ISI Session, Helsinki, 1999

Press releases:

Communiqué of the ministers and governors of the Group of Ten

Communiqué of the ministers and governors of the Group of Ten (BIS Press Release 26 Sep 1999)

CPMI Publications:

Retail payments in selected countries: a comparative study

by CPMI

BCBS Publications:

Year 2000 Cross-Border Communications between Supervisors during the Millennium Period

BCBS Publications:

Enhancing corporate governance for banking organisations

Press releases:

BIS releases policy paper on bank restructuring

BIS releases policy paper on bank restructuring (BIS Press Release 8 Sep 1999)

Press releases:

International Banking and Financial Market Developments: Second Quarter 1999

International Banking and Financial Market Developments: Second Quarter 1999 (BIS Press Release 23 Aug 1999)

Working Papers:

A note on the Gordon growth model with nonstationary dividend growth

by Henri Pagès

Working Papers:

The Taylor rule and interest rates in the EMU area: a note

by Stefan Gerlach and Gert Schnabel

Press releases:

Basel Committee issues credit risk guidance

Basel Committee issues credit risk guidance (BIS Press Release 27 Jul 1999)

BCBS Publications:

Sound Practices for Loan Accounting and Disclosure

BCBS Publications:

Principles for the Management of Credit Risk - consultative document

Press releases:

Securities lending transactions: market development and implications - New report by IOSCO and CPSS

Securities lending transactions: market development and implications - New report by IOSCO and CPSS (BIS Press Release 12 Jul 1999)

BCBS Publications:

Intra-Group Transactions and Exposures and Risk Concentrations Principles

CPMI Publications:

Payment Systems in Australia

by CPMI

Press releases:

Broadening representation in the Financial Stability Forum

Broadening representation in the Financial Stability Forum (BIS Press Release 21 Jun 1999)

Press releases:

Joint BIS-IMF-OECD-World Bank statistics on external debt

Joint BIS-IMF-OECD-World Bank statistics on external debt (BIS Press Release 15 Jun 1999)

Quarterly Review, June 1999

Press releases:

Annual General Meeting: 69th Annual Report 1998/99

Annual General Meeting: 69th Annual Report 1998/99 (BIS Press Release 7 Jun 1999)

Press releases:

Annual General Meeting: Decisions Approved

Annual General Meeting: Decisions Approved (BIS Press Release 7 Jun 1999)

Press releases:

Consultative paper on a new capital adequacy framework

Consultative paper on a new capital adequacy framework (BIS Press Release 3rd Jun 1999)

Press releases:

The global OTC derivatives market at end-December 1998

The global OTC derivatives market at end-December 1998 (BIS Press Release 2nd Jun 1999)

Working Papers:

Interbank exposures: quantifying the risk of contagion

by Craig Furfine

Working Papers:

Credit channels and consumption in Europe: empirical evidence

by Gabe de Bondt

BCBS Publications:

Core Principles Methodology - consultative document

Press releases:

Financial Stability Forum establishes Working Groups

Financial Stability Forum establishes Working Groups (BIS Press Release 11th May 1999)

Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity 1998 – Final results

Press releases:

CGFS Publishes Research on the Determinants of Market Liquidity

CGFS Publishes Research on the Determinants of Market Liquidity (BIS Press Release 3rd May 1999)

CGFS Publications:

Market Liquidity: Research Findings and Selected Policy Implications

Working Papers:

The cyclical sensitivity of seasonality in US employment

by S. Krane and William Wascher

Press releases:

Communiqué of the ministers and governors of the Group of Ten

Communiqué of the ministers and governors of the Group of Ten (BIS Press Release 27th Apr 1999)

BCBS Publications:

Credit Risk Modelling: Current Practices and Applications

Press releases:

Multilateral financial assistance to the Banco Central do Brasil

Multilateral financial assistance to the Banco Central do Brasil (BIS Press Release 9th Apr 1999)

Working Papers:

Evolving international financial markets: some implications for Central Banks

by William R White

Press releases:

Year 2000 Readiness of Banks and Bank Supervisors

Year 2000 Readiness of Banks and Bank Supervisors (BIS Press Release 31st Mar 1999)

Press releases:

Election of the Chairman of the Deputies of the Group of Ten

Election of the Chairman of the Deputies of the Group of Ten (BIS Press Release 18th Mar 1999)

CGFS Publications:

Implications of repo markets for central banks

Press releases:

BIS Quarterly Review of International Banking and Financial Market Developments

BIS Quarterly Review of International Banking and Financial Market Developments (BIS Press Release 8th Mar 1999)

Working Papers:

Precarious credit equilibria: reflections on the Asian financial crisis

by Joseph Bisignano

Working Papers:

The pricing of bank lending and borrowing: evidence from the federal funds market

by Craig Furfine

Press releases:

Public Disclosure of Trading and Derivatives Activities

Public Disclosure of Trading and Derivatives Activities (BIS Press Release 24th Feb 1999)

Press releases:

Basle Committee, IOSCO and IAIS release final documents on the Supervision of Financial Conglomerates

Basle Committee, IOSCO and IAIS release final documents on the Supervision of Financial Conglomerates (BIS Press Release 19th Feb 1999)

Press releases:

New President of the BIS

New President of the BIS (BIS Press Release 8th Feb 1999)

Press releases:

IAIS/OECD Insurance Supervisory Seminar for Asian Countries

Press releases:

Banks' interactions with highly leveraged institutions

Banks' interactions with highly leveraged institutions (BIS Press Release 28th Jan 1999)

BCBS Publications:

Sound Practices for Banks' Interactions with Highly Leveraged Institutions

Press releases:

Joint Year 2000 Council identifies Year 2000 action plans for the financial market's private and public sectors

Joint Year 2000 Council identifies Year 2000 action plans for the financial market's private and public sectors (BIS Press Release 8th Jan 1999)

Press releases:

Schedule of the regular meetings

Schedule of the regular meetings (BIS Press Release 4th Jan 1999)

Press releases:

Multilateral financial assistance to the Banco Central do Brasil

Multilateral financial assistance to the Banco Central do Brasil (BIS Press Release 10th Dec 1998)

CGFS Publications:

Review of the disclosure template regarding the authorities' foreign currency liquidity position

Press releases:

BIS consolidated international banking statistics for end-June 1998

BIS consolidated international banking statistics for end-June 1998 (BIS Press Release 30th Nov 1998)

Press releases:

Survey of disclosures about trading and derivatives activities

Survey of disclosures about trading and derivatives activities (BIS Press Release 30th Nov 1998)

BCBS Publications:

Survey of disclosures about trading and derivatives activities of banks and securities firms 1997

Press releases:

Enhancing the Transparency of the Authorities' Foreign Currency Liquidity Position

Enhancing the Transparency of the Authorities' Foreign Currency Liquidity Position (BIS Press Release 9th Nov 1998)

Working Papers:

Foreign direct investment and employment in the industrial countries

by Palle Andersen and Philippe Hainaut

Working Papers:

Portfolio selection using fuzzy decision theory

by Srichander Ramaswamy

Working Papers:

The importance of bank seniority for relationship lending

by Stanley Longhofer and João Santos

Asset Prices and Monetary Policy: Four Views

The widespread liberalisation of financial markets in the 1980s has increased the interest of central banks in asset price developments in two ways. First, as the use of intermediate targets has become unreliable in many countries, central banks have sought other indicators to guide policy actions. A natural place to look has been various asset markets. Second, the greater role of asset prices in the monetary transmission mechanism, combined with their sustained volatility, has led to an increased concern that large changes in asset prices might disrupt economic activity and price stability as well as lead to financial fragility. This volume collects the views of several prominent scholars and central bankers on whether and how asset price developments can be incorporated in the design of monetary policy. Related questions are: what asset price ...

BIS speeches:

by Andrew Crockett: Banking Supervision and Financial Stability

BCBS Publications:

Sound Practices for Loan Accounting, Credit Risk Disclosure and Related Matters

Press releases:

Mr. Hanley Clark (West Virginia, United States) elected Chairman of the IAIS Executive Committee

Mr. Hanley Clark (West Virginia, United States) elected Chairman of the IAIS Executive Committee (BIS Press Release 6th Oct 1998)

Reports on the International Financial Architecture - Reports of working groups

In response to the crisis in Asia, Finance Ministers and Central Bank Governors from a number of systemically significant economies met in Washington, D.C. in April 1998 to examine issues related to the stability of the international financial system and the effective functioning of global capital markets. In their discussions, Ministers and Governors stressed the importance of strengthening the international financial system through action in three key areas: enhancing transparency and accountability; strengthening domestic financial systems; and managing international financial crises. Three working groups were formed to contribute to the international dialogue on how to proceed in these key areas. A strength of these working groups was the ...

Press releases:

The Basle Committee Issues a Framework for Internal Control Systems in Banking Organisations

The Basle Committee Issues a Framework for Internal Control Systems in Banking Organisations (BIS Press Release 22nd Sep 1998)

Press releases:

The Basle Committee releases paper on operational risk management

The Basle Committee releases paper on operational risk management (BIS Press Release 22nd Sep 1998)

BCBS Publications:

Enhancing Bank Transparency

Press releases:

Report on OTC Derivatives: Settlement procedures and counterparty risk management

Report on OTC Derivatives: Settlement procedures and counterparty risk management (BIS Press Release 17th Sep 1998)

CGFS Publications:

Enhancing transparency regarding the authorities' foreign currency liquidity position

CGFS Publications:

Report on OTC Derivatives: Settlement procedures and counterparty risk management

BCBS Publications:

Supervisory Information Framework for derivatives and trading activities

Press releases:

BIS Quarterly Review, September 1998

BIS Quarterly Review of International Banking and Financial Market Developments (BIS Press Release 31st Aug 1998)

Press releases:

Federal Reserve Governor Roger W. Ferguson, Jr. to chair Joint Year 2000 Council

Federal Reserve Governor Roger W. Ferguson, Jr. to chair Joint Year 2000 Council (BIS Press Release 21st Jul 1998)

Press releases:

Central bankers encouraged by private sector progress on reducing FX settlement risk

Central bankers encouraged by private sector progress on reducing FX settlement risk (BIS Press Release 13th Jul 1998)

CPMI Publications:

Reducing foreign exchange settlement risk: a progress report

by CPMI

Working Papers:

One-step prediction of financial time series

by Srichander Ramaswamy

Press releases:

Mr. McDonough appointed Chairman of the Basle Committee on Banking Supervision

Mr. McDonough appointed Chairman of the Basle Committee on Banking Supervision (BIS Press Release 9th Jun 1998)

Press releases:

Excerpts from the speech delivered by Alfons Verplaetse to the 68th Annual General Meeting of the Bank

Excerpts from the speech delivered by Alfons Verplaetse to the 68th Annual General Meeting of the Bank (BIS Press Release 8th Jun 1998)

Working Papers:

Commercial banks in the securities business: A review

by João Santos

Quarterly Review, May 1998

IFC Bulletin:

The IFC's contribution to the 52nd ISI Session, Helsinki, 1999

BCBS Publications:

Deposit protection schemes in the member countries of the Basel Committee

Press releases:

Joint Year 2000 Council

Joint Year 2000 Council (BIS Press Release 19th May 1998)

Press releases:

Communiqué of the ministers and governors of the Group of Ten

Communiqué of the ministers and governors of the Group of Ten (BIS Press Release 27th Apr 1998)

Press releases:

Global Round Table on the Year 2000

Global Round Table on the Year 2000 (BIS Press Release 9th Apr 1998)

Press releases:

BIS shares dividend

BIS shares dividend (BIS Press Release 6th Apr 1998)

BCBS Publications:

Amendment to the Basel Capital Accord of July 1988

Group of Ten - The macroeconomic and financial implications of ageing populations

In response to an initiative at the Denver Summit in June 1997, representatives from the central banks and the ministries of finance of the Group of Ten countries have carried out an assessment of the macroeconomic and financial implications of ageing populations. The initiative was prompted by the recognition that the prospective increase in the share of the elderly in the population could have significant repercussions for economies and financial markets across the world. The purpose of this work is to distil the principal conclusions from the extensive factual and analytical material provided by national authorities and international organisations such as the OECD and the IMF. The major conclusions of this study are the following: ...

Press releases:

Risk Management for Electronic Banking and Electronic Money Activities

Risk Management for Electronic Banking and Electronic Money Activities (BIS Press Release 20th Mar 1998)

BCBS Publications:

Promoting financial stability

Press releases:

BIS Quarterly Review, March 1998

BIS Quarterly Review of International Banking and Financial Market Developments (BIS Press Release 9th Mar 1998)

Working Papers:

Exchange rate regimes and inflation and output in Sub-Saharan countries

by Marc Klau

Press releases:

Statement of the Basle Committee on Banking Supervision

Statement of the Basle Committee on Banking Supervision (BIS Press Release 19th Jan 1998)

Press releases:

Millennium change in computer applications

Millennium change in computer applications (BIS Press Release 14th Jan 1998)

CPMI Publications:

Payment systems in the Czech Republic

by CPMI

Quarterly Review, November 1997

Press releases:

Mr. Cameron appointed Chairman of the Joint Forum

Mr. Cameron appointed Chairman of the Joint Forum (BIS Press Release 27th Nov 1997)

CGFS Publications:

The measurement of aggregate market risk

BCBS Publications:

Survey of disclosures about trading and derivatives activities of banks and securities firms 1996

IFC Bulletin:

First meeting of the Irving Fisher Committee on Central Bank Statistics, Istanbul, August 1997

Press releases:

Core Principles for Effective Banking Supervision, final version

Core Principles for Effective Banking Supervision, final version (BIS Press Release 22nd Sep 1997)

Press releases:

Communiqué of the ministers and governors of the Group of Ten

Communiqué of the ministers and governors of the Group of Ten (BIS Press Release 21st Sep 1997)

Press releases:

Principles for the Management of Interest Rate Risk, final version

Principles for the Management of Interest Rate Risk, final version (BIS Press Release 19th Sep 1997)

Press releases:

Note on gold shipments and gold exchanges

Note on gold shipments and gold exchanges (BIS Press Release 9th Sep 1997)

BCBS Publications:

The year 2000 - A challenge for financial institutions and bank supervisors

Working Papers:

Some multi-country evidence on the effects of real exchange rates on output

by Steven Kamin and Marc Klau

Press releases:

BIS Quarterly Review, September 1997

BIS Quarterly Review of International Banking and Financial Market Developments (BIS Press Release 1st Sep 1997)

Group of Ten - Electronic Money - Consumer protection, law enforcement, supervisory and cross border issues

Summary and conclusions: In June 1996, the G-7 Heads of State called for a cooperative study to investigate the implications of recent technological advances that make possible the creation of sophisticated methods for making retail electronic payments. Consistent with this objective, the Working Party was asked to produce a report that developed a broader understanding of the policy issues facing governments as a result of electronic money and to identify any issues that could benefit from additional international cooperation. Building on the extensive body of previous analysis and work on this subject, the Working Party concentrated on three broad policy areas: consumer issues, law enforcement issues, and supervisory issues. The Working Party also ...

Working Papers:

Global asset allocation in fixed income markets

by Srichander Ramaswamy

Group of Ten - The resolution of sovereign liquidity crises

Following an invitation to the Ministers and Governors of the Group of Ten by the Heads of State and Government of the Group of Seven in Halifax in June 1995, the Deputies of the Group of Ten established a Working Party to consider the complex set of issues arising with respect to the orderly resolution of sovereign liquidity crises. While taking a comprehensive view of the problem, the Working Party focused its attention on those forms of debt to private creditors, such as internationally traded securities, that have increased in importance in the new financial environment but that in the past have usually been shielded from payments suspensions or restructurings. In carrying out its work, the Working Party recognised that the highest priority needs to be given to ...