News archive - 2009

21 December 2009 Working Papers:
The risk of relying on reputational capital: a case study of the 2007 failure of New Century Financial
18 December 2009 CPSS publication:
Statistics on payment and settlement systems in selected countries - Figures for 2008
17 December 2009 Basel Committee press release and publications:
Strengthening the resilience of the banking sector
International framework for liquidity risk measurement, standards and monitoring
8 December 2009 BIS speeches:
Hervé Hannoun: Unwinding public interventions after the crisis
7 December 2009 Publication and press release:
BIS Quarterly Review December 2009 - International banking and financial market developments
In this issue: 1) Macro stress tests and crises: what can we learn?, 2) Monetary policy and the risk-taking channel, 3) Government size and macroeconomic stability, 4) Issues and developments in loan loss provisioning: the case of Asia, 5) Dollar appreciation in 2008: safe haven, carry trades, dollar shortage and overhedging
1 December 2009 International Journal of Central Banking (IJCB), December 2009
In this issue:
1) Interbank Lending, Credit-Risk Premia, and Collateral, 2) Liquidity, Moral Hazard, and Interbank Market Collapse, 3) Credit, Asset Prices, and Financial Stress, 4) Commentary: Prices and Quantities in the Monetary Policy Transmission Mechanism, 5) Strategic Trading in Multiple Assets and the Effects on Market Volatility, 6) Commentary: When Everyone Runs for the Exit
20 November 2009 Working Papers:
Unconventional monetary policies: an appraisal
Ten propositions about liquidity crises
18 November 2009 BIS speeches:
Jaime Caruana: Unconventional monetary policies in time of crisis
16 November 2009 BIS speeches:
Stephen G Cecchetti: Residential property price indices
12 November 2009 Publication and press release:
OTC derivatives market activity in the first half of 2009
7 November 2009 Publication:
Guidance to Assess the Systemic Importance of Financial Institutions, Markets and Instruments: Initial Considerations
29 October 2009 BIS speeches:
Jaime Caruana: Financial reforms: what are the common lessons for prudential supervisors?
22 October 2009 Statistics:
Provisional international banking statistics at end-June 2009
15 October 2009 Basel Committee press release and publication:
Analysis of the trading book quantitative impact study
14 October 2009 Working Papers:
The US dollar shortage in global banking and the international policy response
8 October 2009 Working Papers:
Mutual guarantee institutions and small business finance
30 September 2009 CGFS publication:
Credit risk transfer statistics
29 September 2009 Working Papers:
Incentives and tranche retention in securitisation: a screening model
29 September 2009 Basel Committee press release and publication:
Report on Special Purpose Entities
28 September 2009 CPSS publication:
Statistics on payment and settlement systems in selected countries - Figures for 2008 - Preliminary release
25 September 2009 BIS speeches:
Jaime Caruana: Deposit insurance core principles
24 September 2009 Working Papers:
Time to buy or just buying time? The market reaction to bank rescue packages
17 September 2009 Basel Committee press release and publication:
Report and recommendations of the Cross-border Bank Resolution Group
15 September 2009 Press release:
2010 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity
14 September 2009 Publication:

Integrating financial stability: new models for a new challenge
14 September 2009 Publication and press release:
BIS Quarterly Review September 2009 - International banking and financial market developments
In this issue: 1)  The future of securitisation: how to align incentives?,   2)  Central counterparties for over-the-counter derivatives,   3)  The cost of equity for global banks: a CAPM perspective from 1990 to 2009,   4)  The systemic importance of financial institutions
11 September 2009 BIS speeches:
Jaime Caruana: The international policy response to financial crises: making the macroprudential approach operational
7 September 2009 Press release:
Comprehensive response to the global banking crisis
1 September 2009 International Journal of Central Banking (IJCB), September 2009
In this issue:
1) Stress Testing Credit risk: A Survey of Authorities' Approaches, 2) Towards a Framework of Quantifying Systemic Stability, 3) Interdependencies between Expected Default Frequency and the Macro Economy, 4) Stress Testing the Enterprise Sector's Bank Debt: A Micro Approach, 5) Crash Testing German Banks, 6) Macroeconomic Default Modeling and Stress Testing, 7) How to Find Plausible, Severe, and Useful Stress Scenarios
27 August 2009 Basel Committee press release and publication:
Guiding principles for the replacement of IAS 39
26 August 2009 Working Papers:
International portfolio rebalancing and exchange rate fluctuations in Thailand
24 August 2009 Publication:

Financial Crises and Economic Activity
31 July 2009 BIS Papers:
An assessment of financial sector rescue programmes
28 July 2009 Basel Committee press release and publication:
Results from the 2008 Loss Data Collection Exercise
24 July 2009 IFC Bulletin:

Measuring financial innovation and its impact
24 July 2009 Press release:
Committee on Payment and Settlement Systems broadens its membership
23 July 2009 Statistics:
Provisional international banking statistics at end-March 2009
20 July 2009 CPSS press release:
Clearing arrangements for OTC derivatives: CPSS-IOSCO working group on the review of the "Recommendations for Central Counterparties"
13 July 2009 Basel Committee press release and publications:
Enhancements to the Basel II framework
Revisions to the Basel II market risk framework - final version
Guidelines for computing capital for incremental risk in the trading book - final version
10 July 2009 BIS speeches:
Stephen G Cecchetti: Financial system and macroeconomic resilience: revisited
7 July 2009 Working Papers:
China's evolving external wealth and rising creditor position
7 July 2009 Working Papers:
From turmoil to crisis: dislocations in the FX swap market before and after the failure of Lehman Brothers
1 July 2009 IFC Bulletin:

The use of surveys by central banks
29 June 2009 Webcast of AGM press conference
29 June 2009 BIS speeches:
Jaime Caruana: General Manager's speech at the Annual General Meeting - the narrow path ahead
29 June 2009 Annual General Meeting
29 June 2009 BIS Annual Report 2008/09
29 June 2009 Press release:
BIS Annual Report: Rescue, recovery, reform - the narrow path ahead
26 June 2009 Press release:
Már Gudmundsson appointed Governor of the Central Bank of Iceland
18 June 2009 Basel Committee press release and publication:
Core Principles for Effective Deposit Insurance Systems - final paper
15 June 2009 Basel Committee press release and publication:
Stocktaking on the use of credit ratings
11 June 2009 Working Papers:
Towards an operational framework for financial stability: "fuzzy" measurement and its consequences
10 June 2009 Press release:
The Basel Committee broadens its membership
8 June 2009 Publication and press release:
BIS Quarterly Review June 2009 - International banking and financial market developments
In this issue: 1)  Government debt management at low interest rates,   2) The global crisis and Latin America: financial impact and policy responses
2 June 2009 International Journal of Central Banking (IJCB), June 2009
In this issue:
1) Modeling Bank Senior Unsecured Ratings: A Reasoned Structured Approach to Bank Credit Assessment,   2)  Explaining Monetary Policy in Press Conferences,   3) The Interest Rate Conditioning Assumption,   4) Futures Contract Rates as Monetary Policy Forecasts,   5) Firm-Specific Capital and Welfare,   6) Instability and Nonlinearity in the Euro-Area Phillips Curve
26 May 2009 BIS Papers:
Communication of monetary policy decisions by central banks: what is revealed and why
25 May 2009 BIS Papers:
Household debt: implications for monetary policy and financial stability
20 May 2009 Basel Committee press release and publication:
Principles for sound stress testing practices and supervision - final paper
19 May 2009 BIS speeches:
Jaime Caruana: Financial globalisation, the crisis and Latin America
19 May 2009 Publication and press release:
OTC derivatives market activity in the second half of 2008
18 May 2009 Publication and press release:
Issues in the Governance of Central Banks
14 May 2009 Basel Committee press release and Working Paper:
Findings on the interaction of market and credit risk
13 May 2009 Press release:
BIS, ECB, IMF publish Handbook on Securities Statistics
13 May 2009 Press release:
BIS appoints Diego Devos as General Counsel
12 May 2009 Basel Committee press release and publication:
Due diligence and transparency regarding cover payment messages related to cross-border wire transfers - final paper
11 May 2009 CPSS press release:
William C Dudley appointed CPSS Chairman
11 May 2009 Working Papers:
Another look at global disinflation
30 April 2009 Working Papers:
China's exchange rate policy and Asian trade
29 April 2009 Working Papers:
A Framework for Assessing the Systemic Risk of Major Financial Institutions
29 April 2009 Statistics:
Provisional international banking statistics at end-December 2008
17 April 2009 CGFS publication:
The role of valuation and leverage in procyclicality
16 April 2009 Working Papers:
Measuring portfolio credit risk correctly: why parameter uncertainty matters
15 April 2009 Basel Committee publication:
Supervisory guidance for assessing banks' financial instrument fair value practices - final paper
3 April 2009 Press releases:
Financial Stability Forum issues Recommendations and Principles to Strengthen Financial Systems and Financial Stability Forum re-established as the Financial Stability Board
31 March 2009 Working Papers:
The pricing of subprime mortgage risk in good times and bad: evidence from the ABX.HE indices
31 March 2009 BIS Papers:
Whither monetary policy? Monetary policy challenges in the decade ahead
and accompanying Working Papers:
30 March 2009 Basel Committee press release and speech by Nout Wellink:
Basel Committee initiatives in response to the financial crisis
27 March 2009 Basel Committee publication:
Range of practices and issues in economic capital frameworks
25 March 2009 Irving Fisher Committee Working Papers:
Design and evaluation of core inflation measures for Turkey
13 March 2009 Press release:
Financial Stability Forum decides to broaden its membership
13 March 2009 Press release:
Financial Stability Forum meets in London
13 March 2009 Press release:
Expansion of membership announced by the Basel Committee
12 March 2009 Joint Basel Committee/IADI publication:
Core principles for effective deposit insurance systems - consultative document
12 March 2009 Press release:
Initiatives on capital announced by the Basel Committee
6 March 2009 CPSS publication:
Statistics on payment and settlement systems in selected countries - Figures for 2007
3 March 2009 Working Papers:
Bank ties and firm performance in Japan: some evidence since FY2002
3 March 2009 International Journal of Central Banking (IJCB), March 2009
In this issue:
1) Banking Integration, Bank Stability, and Regulation Introduction to a Special Issue of the International Journal of Central Banking,   2)  Does the Law of One Price Hold in Euro-Area Retail Banking? An Empirical Analysis of Interest Rate Differentials across the Monetary Union,   3) Transparency of Regulation and Cross-Border Bank Mergers,   4) Efficient Asset Allocations in the Banking Sector and Financial Regulation,   5) Cross-Border Bank Contagion in Europe,   6) Fiscal Burden Sharing in Cross-Border Banking Crises
2 March 2009 Publication and press release:
BIS Quarterly Review March 2009 - International banking and financial market developments
In this issue: 1)  Assessing the risk of banking crises - revisited,   2)  The US dollar shortage in global banking,   3)  US dollar money market funds and non-US banks,   4)  Execution methods in foreign exchange markets
27 February 2009 Working Papers:
Private information, stock markets, and exchange rates
13 February 2009 BIS speeches:
Hervé Hannoun: Long-term sustainability versus short-term stimulus: is there a trade-off?
3 February 2009 CGFS press release and publication:
Capital flows and emerging market economies
30 January 2009 BIS Papers:
Financial globalisation and emerging market capital flows
29 January 2009 Statistics:
Provisional international banking statistics at end-September 2008
27 January 2009 IFC Bulletin:

Challenges to improve global comparison of securities statistics
16 January 2009 Basel Committee press release and publication:
Enhancements to the Basel II Framework, including the capital regime for trading book positions
12 January 2009 Press release:
Guillermo Ortiz elected new Chairman of BIS Board
8 January 2009 Press release:
Steps to strengthen implementation of supervisory standards and guidance taken by the Basel Committee
6 January 2009 Basel Committee publication and press release:
Principles for sound stress testing practices and supervision