News archive - 2005

22 December 2005BIS Review - Speeches and articles by senior central bankers:

Y V Reddy: Corporate governance in banks in India;

Zhou Xiaochuan: Speeding up financial reform to support economic development of the west region in China;

Zdenek Tuma: Monetary policy governance - comments on the institutional set-up of inflation targeting in Albania;

Ardian Fullani: Financial sector assessment program (FSAP);

Ardian Fullani: Microfinance in Albania;

Lars Nyberg: House price developments and monetary policy;

R Jayamaha: Basel II and operational risk
22 December 2005 Translations of chapter 1 of the BIS Quarterly Review - December 2005.
21 December 2005BIS Review - Speeches and articles by senior central bankers:

Toshihiko Fukui: Overview of the Japanese economy;

David Dodge: Promoting economic integrity;

Jean-Claude Trichet: Interview with Paris Match;

Lucas Papademos: Interview with Financial Times and Financial Times Deutschland;

Wu Xiaoling: Speeding up financial innovation and promoting development of the small and medium-sized enterprises;

Xiang Junbo: Deepening financial reform to create a favorable environment for enterprises
21 December 2005Joint Forum press release:

Dirk Witteveen to chair Joint Forum

20 December 2005Joint Forum publication and press release: High-level principles for business continuity
13 December 2005 Basel Committee: Update to QIS 5 (Quantitative Impact Study) workbook
6 December 2005Working Papers:

The mechanics of devaluations and the output response in a DSGE model: how relevant is the balance sheet effect?
5 December 2005 Publication and press release:

BIS Quarterly Review December 2005 - International banking and financial market developments

In this issue: 1) Risk aversion and risk premia in the CDS market,   2) Foreign banks in emerging market economies: changing players, changing issues,   3) Corporate bond markets in Asia   4) Reducing financial vulnerability: the development of the domestic government bond market in Mexico 5) International government debt denominated in local currency: recent developments in Latin America
2 December 2005 BIS Speeches:

Malcolm Knight: Central banking: some "secrets of success"

1 December 2005 BIS Speeches:

Malcolm Knight: Sharing experiences in developing corporate bond markets

1 December 2005 Basel Committee: Updates to QIS 5 (Quantitative Impact Study) workbook and frequently asked questions.
30 November 2005Press release: FSF meets with the hedge fund community and their counterparties
28 November 2005Basel Committee publications and press release:

Sound credit risk assessment and valuation for loans

28 November 2005 New release: Joint BIS-IMF-OECD-WB statistics on external debt
28 November 2005 BIS workshop programme and documents: Accounting, risk management and prudential regulation, 11–12 November 2005
24 November 2005BIS Review - Speeches and articles by senior central bankers:

Klaus Liebscher: Financial deregulation in the EU - chances and challenges for financial stability;

Jean-Claude Trichet: Developing the work and tools of CEIOPS: the views of the ECB;

T T Mboweni: The South African Reserve Bank and gold; recent economic developments in South Africa;

Zhou Xiaochuan: Financial cooperation between China and Europe;

Zhou Xiaochuan: Learn lessons from the past for the benefit of future endeavour;

Shri V Leeladhar: Indian banking - the challenges ahead
23 November 2005Working Papers:

Explaining the level of credit spreads: option-implied jump risk premia in a firm value model
23 November 2005Working Papers:

The pricing of unexpected credit losses
22 November 2005Basel Committee Newsletters: The treatment of expected losses by banks using the AMA under the Basel II Framework
22 November 2005Basel Committee publications and press release:

Home-host information sharing for effective Basel II implementation

22 November 2005Working Papers:

Has the inflation process changed?

Deflation in a historical perspective

External shocks, transmission mechanisms and deflation in Asia

Japan's deflation, problems in the financial system and monetary policy

Beyond current policy frameworks
17 November 2005Press release: FSF concludes fourth Latin American regional meeting
17 November 2005Publication and press release: The Global OTC Derivatives Market at end-June 2005.
15 November 2005 BIS workshop programme: Accounting, risk management and prudential regulation, 11-12 November 2005.
15 November 2005 Update to Basel II: Revised international capital framework

15 November 2005 BIS Speeches:

Malcolm Knight: Central bank independence – what role does it play in shaping Mexico's economy?

11 November 2005 BIS Speeches:

André Icard: Risk Measurement and Systemic Risk

7 November 2005Press release: Hervé Hannoun appointed as BIS Deputy General Manager
3 November 2005BIS Papers: Zero-coupon yield curves: technical documentation
25 October 2005 Complete translations of the BIS Quarterly Review - September 2005.
24 October 2005 Basel Committee: Updates to QIS 5 (Quantitative Impact Study) workbook and frequently asked questions.
19 October 2005Press release: Preliminary data for BIS international banking statistics released
18 October 2005Financial Stability Institute: FSI Award - Competition rules 2006
11 October 2005Press release: BIS appoints Daniel Lefort as General Counsel
7 October 2005Working Papers:

A nonparametric analysis of the shape dynamics of the US personal income distribution: 1962-2000
7 October 2005Working Papers:

The fragility of the Phillips curve: A bumpy ride in the frequency domain
5 October 2005 BIS Speeches:

Malcolm Knight: Global banking - paradigm shift

3 October 2005Working Papers:

Revisiting recent productivity developments across OECD countries
3 October 2005Group of Ten:

Ageing and pension system reform: implications for financial markets and economic policies
30 September 2005 Basel Committee: Updates to QIS 5 (Quantitative Impact Study) workbook and accompanying instructions.
30 September 2005 Translations of chapters 1 - 4 of the BIS Quarterly Review - September 2005.
25 September 2005Press release: Communiqué of the Ministers and Governors of the Group of Ten
19 September 2005 Basel Committee:

The fifth Quantitative Impact Study (QIS 5)

16 September 2005Working Papers:

Explaining credit default swap spreads with equity volatility and jump risks of individual firms
15 September 2005 Translations of chapter 1 of the BIS Quarterly Review - September 2005.
9 September 2005FSF press release: Financial Stability Forum held its fourteenth meeting
8 September 2005Working Papers:

Accounting, prudential regulation and financial stability: elements of a synthesis
7 September 2005 BIS Speeches:

Malcolm Knight: Challenges to financial stability in the current global macroeconomic environment

5 September 2005Basel Committee Newsletters: Validation of low-default portfolios in the Basel II Framework.
5 September 2005 Publication and press release:

BIS Quarterly Review September 2005 - International banking and financial market developments

In this issue: 1) Distinguishing global dollar reserves from official holdings in the United States,   2) The BIS consolidated banking statistics: structure, uses and recent enhancements,   3) The rise and fall of US dollar interest rate volatility: evidence from swaptions   4) Structural models of default: lessons from firm-level data
25 August 2005 New release: Joint BIS-IMF-OECD-WB Statistics on External Debt.
11 August 2005 BIS Speeches:

Malcolm Knight: The global economy: so far so good?

29 July 2005Basel Committee publication and press release: Enhancing corporate governance for banking organisations
29 July 2005Publication:

Consolidated banking statistics for the first quarter of 2005
26 July 2005FSI Occasional Papers: Potentially endogenous borrowing and developing country sovereign credit ratings

25 July 2005Working Papers:

An empirical evaluation of structural credit risk models
22 July 2005 Complete translations of the BIS Quarterly Review - June 2005.
18 July 2005Basel Committee publication and press release: The Application of Basel II to Trading Activities and the Treatment of Double Default Effects
15 July 2005 Translations of chapters 1 - 4 of the BIS Quarterly Review - June 2005.
13 July 2005Basel Committee publications and press release:

Supervisory guidance on banks' use of the fair value option under international financial reporting standards

Guidance on the estimation of loss given default (LGD)

QIS5 (Fifth Quantitative Impact Study)
12 July 2005Conference presentations: "Past and Future of Central Bank Cooperation" (27-29 June)
7 July 2005Basel Committee: An Explanatory Note on the Basel II IRB Risk Weight Functions
30 June 2005CGFS Papers: Foreign direct investment in the financial sector - experiences in Asia, central and eastern Europe and Latin America
30 June 2005Working Papers:

Research on exchange rates and monetary policy: an overview
28 June 2005 BIS conference: Past and Future of Central Bank Cooperation,

celebrating 75 years of the Bank for International Settlements, 1930 - 2005

Basel, Switzerland, 28-29 June 2005.
27 June 2005 BIS 75th Annual Report 2004/2005
27 June 2005 BIS Annual General Meeting
27 June 2005 BIS amends Statutes to streamline governance
20 June 2005BIS Papers: Foreign exchange market intervention in emerging markets: motives, techniques and implications
13 June 2005 Publication and press release:

BIS Quarterly Review June 2005 - International banking and financial market developments

In this issue: 1) Currency choice in international bond issuance,   2) Structured finance: complexity, risk and the use of ratings,   3) Opening markets through a regional bond fund: lessons from ABF2
7 June 2005Working Papers:

Forbearance and prompt corrective action
6 June 2005BIS Papers: Globalisation and monetary policy in emerging markets
1 June 2005Press release: BIS completes redistribution of shares
30 May 2005Press release: Financial Stability Forum concludes first African regional meeting
27 May 2005 BIS Speeches:

Malcolm Knight: The role of the exchange rate in the monetary frameworks of emerging market economies

24 May 2005 BIS Speeches:

Malcolm Knight: Lessons from international corporate governance standards: the ethical perspective in corporate governance

20 May 2005Publication and press release: The Global OTC Derivatives Market at end-December 2004.
19 May 2005Press release: International Journal of Central Banking launched
17 May 2005Press release: Central Bank Cooperation at the Bank for International Settlements, 1930-1973
9 May 2005Press release: Timothy F Geithner appointed CPSS Chairman
9 May 2005CPSS publications and press releases:

General guidance for payment system development;

Central bank oversight of payment and settlement systems;

New developments in large-value payment systems.
3 May 2005BIS Papers: Investigating the relationship between the financial and real economy
3 May 2005Publication:

Consolidated banking statistics for the fourth quarter of 2004
2 May 2005Working Papers:

Debt-deflation: concepts and a stylised model
29 April 2005 French translations of Basel II documents (International Convergence of Capital Measurement and Capital Standards: a Revised Framework, June 2004).
29 April 2005 Complete translations of the BIS Quarterly Review - March 2005.
29 April 2005Basel Committee publication and press release: Compliance and the compliance function in banks.
25 April 2005BIS Papers: Real estate indicators and financial stability
20 April 2005Working Papers:

Commercial property prices and bank performance
19 April 2005Working Papers:

How does fiscal policy affect monetary policy in emerging market countries?
11 April 2005Basel Committee publication and press release: The application of Basel II to trading activities and the treatment of double default effects.
5 April 2005 Translations of chapters 1 - 4 of the BIS Quarterly Review - March 2005.
31 March 2005 Basel Committee:

Schedule for the fifth Quantitative Impact Study (QIS 5)

30 March 2005 BIS Speeches:

Malcolm Knight: Features of an effective central bank: some lessons of the past decade

18 March 2005Joint Forum publication and press release: Credit Risk Transfer.
17 March 2005CPSS publication: Statistics on payment and settlement systems in selected countries - Figures for 2003
17 March 2005Publication and press release: Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity 2004 (final results)
16 March 2005 New central bank link:

Iraq
16 March 2005 Overview translations of the BIS Quarterly Review - March 2005.
14 March 2005Working Papers:

Measuring default risk premia from default swap rates and EDFs

The effectiveness of foreign exchange intervention in emerging market countries: evidence from the Czech koruna
11 March 2005 Financial Stability Forum press releases:

Financial Stability Forum holds its thirteenth meeting in Tokyo.

FSF announces a new process to promote further improvements in offshore financial centres (OFCs).
10 March 2005 German translations of Basel II documents (International Convergence of Capital Measurement and Capital Standards: a Revised Framework, June 2004).
8 March 2005Working Papers: The role of the natural rate of interest in monetary policy
7 March 2005 Press releases:

Zhou Xiaochuan appointed Chairman of the BIS Asian Consultative Council;

BIS appoints Günter Pleines to head Banking Department

7 March 2005 Publication and press release:

BIS Quarterly Review March 2005 - International banking and financial market developments

In this issue: 1) Trading Asian currencies,   2) Time-varying exposures and leverage in hedge funds,   3) CDS index tranches and the pricing of credit risk correlations,   4) Contractual terms and CDS pricing
7 March 2005 BIS Speeches:

Robert D Sleeper: How central banks manage their finances

28 February 2005 Press release: International regulators and related organizations announce the Public Interest Oversight Board (PIOB) for the international accountancy profession.
25 February 2005 New release: Joint BIS-IMF-OECD-WB Statistics on External Debt.
24 February 2005Working Papers: A model of the IMF as a coinsurance arrangement;

Current account adjustment and capital flows
23 February 2005Committee on the Global Financial System: Fourth Joint Central Bank Research Conference on Risk Measurement and Systemic Risk - Announcement and Call for Papers
15 February 2005Joint Forum publication and press release: Outsourcing in Financial Services.
10 February 2005Basel Committee Working Papers: Studies on the Validation of Internal Rating Systems.
10 February 2005Working Papers: Inflation targeting, asset prices and financial imbalances: conceptualizing the debate

3 February 2005 Complete translations of the BIS Quarterly Review - December 2004.
1 February 2005Basel Committee Newsletters: Update on work of the Accord Implementation Group related to validation under the Basel II Framework.
1 February 2005Joint Forum publication: Initiatives by the BCBS, IAIS and IOSCO to combat money laundering and the financing of terrorism - Update.
31 January 2005Publication and press release: The BIS consolidated banking statistics - third quarter 2004.
25 January 2005 Press release: BIS to hold 75th anniversary exhibition.
18 January 2005Committee on the Global Financial System publication and press release: Stress testing at major financial institutions: survey results and practice
17 January 2005Committee on the Global Financial System publication and press release: The role of ratings in structured finance: issues and implications
11 January 2005Working Papers: Asset prices and banking distress: a macroeconomic approach

Are speculative attacks triggered by sunspots? A new test