Ingo Fender

Head of Financial Systems & Regulation

Monetary and Economic Department

Ingo Fender joined the BIS in 2000. Before taking up his current assignment in 2015, he held the position of Head of Secretariat, Committee on the Global Financial System (CGFS), with responsibility for coordinating and contributing to the activities of the CGFS and its various working groups. He has also served as Special Adviser on Financial Stability Policy, as Economist and Senior Economist in the BIS's Financial Markets group, in the Independent Evaluation Office of the International Monetary Fund, the CGFS Secretariat and as Secretary to the Markets Committee. Prior to joining the BIS, he was a Research Associate with the Bonn-based Center for European Integration Studies (ZEI). He also held positions as Junior Fellow at the same research institute and as Research Assistant at the University of Mannheim, while pursuing doctoral studies at the Universities of Bonn and Mannheim.

Fields of interest

Financial stability
Financial markets
Regulatory and macroprudential issues

Date	BIS research papers
Nov 2016	Adding it all up: the macroeconomic impact of Basel III and outstanding reform issues BIS Working Papers No 591 Other authors: Ulf Lewrick
Dec 2015	Calibrating the leverage ratio BIS Quarterly Review December 2015 Other authors: Ulf Lewrick
Mar 2015	Shifting tides - market liquidity and market-making in fixed income instruments BIS Quarterly Review March 2015 Other authors: Ulf Lewrick
Sep 2014	Risks related to EME corporate balance sheets: the role of leverage and currency mismatch BIS Quarterly Review September 2014 Other authors: Michael Chui and Vladyslav Sushko
Sep 2013	Mind the gap? Sources and implications of supply-demand imbalances in collateral asset markets BIS Quarterly Review September 2013 Other authors: Ulf Lewrick
Dec 2011	Assessing global liquidity BIS Quarterly Review December 2011 Other authors: Dietrich Domanski and Patrick McGuire
Sep 2010	Bank structure, funding risk and the transmission of shocks across countries: concepts and measurement BIS Quarterly Review September 2010 Other authors: Patrick McGuire
Jun 2010	European banks' US dollar funding pressures BIS Quarterly Review June 2010 Other authors: Patrick McGuire
May 2010	Toward a global risk map BIS Working Papers No 309 Other authors: Stephen G Cecchetti and Patrick McGuire
Sep 2009	Incentives and tranche retention in securitisation: a screening model BIS Working Papers No 289 Other authors: Janet Mitchell

" La suma de todas las partes: el efecto macroeconómico de Basilea III y temas destacados de la reforma" (with U Lewrick), CEMLA Boletín, vol LXIII, January–March 2017, pp 1–28. Also published (in English) as BIS Working Papers, no 591.
"Patterns in international banking and their implications for prudential policies" (with P McGuire), in A Demirgüç-Kunt, D Evanoff and G Kaufman (eds), The future of large internationally active banks, World Scientific Studies in International Economics, vol 55, September 2016, pp 187-212.
" Daily pricing of emerging market sovereign CDS before and during the global financial crisis" (with B Hayo and M Neuenkirch), Journal of Banking and Finance, vol 36(10), 2012, pp 2786-94.
" Toward a global risk map" (with S Cecchetti and P McGuire), in ECB (ed), Central bank statistics: what did the financial crisis change?, February 2011, pp 73-100.
" The pricing of subprime mortgage risk in good times and bad: evidence from the ABX.HE" (with M Scheicher), Applied Financial Economics, vol 19(24), 2009, pp 1925-45.
IMF exchange rate policy advice, 1999-2005 (with S Takagi et al), Independent Evaluation Office of the International Monetary Fund, May 2007.
" CDO rating methodology: some thoughts on model risk and its implications" (with J Kiff), Journal of Credit Risk, vol 1(3), 2005, pp 37-58.
" Structured finance: complexity, risk and the use of ratings" (with J Mitchell), National Bank of Belgium, Financial Stability Review, June 2005, pp 127-35.
" The changing incentive structure of institutional asset managers: implications for financial markets" (with M Cardona), Bank of France, Financial Stability Review, June 2003, pp 94-105.
" An international survey of stress tests" (with M Gibson and P Mosser), Federal Reserve Bank of New York, Current Issues in Economics and Finance, vol 7(10), 2001.
" Geldtheorie, Geldpolitik und Finanzmärkte" (with J von Hagen and B Hayo), in K Zimmermann (ed), Neue Entwicklungen in der Wirtschaftswissenschaft, Physica, Berlin, 2001, pp 1-42.
" Central bank policy in a more perfect financial system" (with J von Hagen), Open Economies Review, vol 9, 1998, pp 493-531.