The Centre joins a growing network of Innovation Hub centres established by BIS around the world. Over the last two years, the company has set up ones in Switzerland, Hong Kong SAR, London, Singapore and Stockholm. It has also made a strategic partnership with the Federal Reserve System. Additionally, BIS is planning to open a…
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The Bank for International Settlements (BIS) has earlier today announced that it has added Andrew McCormack and Morten Bech to its BIS Innovation Hub. Andrew McCormack will head the BIS Innovation Hub Centre in Singapore. Morten Bech, Head of Secretariat for the Committee on Payments and Market Infrastructures (CPMI), will lead the Hub Centre in Switzerland. They will…
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The Bank for International Settlements (BIS) has noticed a growing trend of large bank platforms over the past three years to send less foreign exchange volume into the network for processing. A new report cites low volatility as reason that large banks in the Interbank system are “internalizing” more of their customer client capital flows…
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Crypto Winter’s consequences are now reaching global standard setting bodies for the banking establishment. Up to now, crypto related assets have been below the radar, so to speak, from an overall risk perspective, but the Basel Committee on Banking Supervision (BCBS), under the auspices of the Bank for International Settlements (BIS), has sent a directive…
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In less than two hours, on what might otherwise be a fairly slow day for Forex Industry News, prepare for a slew of press releases and commentary by a variety of FX industry participants (including on this site) on the about-to-be-released FX Global Code of Conduct. The new Code of Conduct, coordinated and formally issued by…
Read moreAccording to the results of the monitoring of the formation of legislative framework for developed and emerging financial markets held in June 2016, the Bank for International Settlements (BIS) assigned the highest rating to the Russian financial market infrastructure (FMI). Russia’s FMI received the 4th level rating, which in fact happens to be the highest…
Read moreThe Bank for International Settlements (BIS) has released what it calls the first phase of the Global Code of Conduct for the Foreign Exchange Market, and principles for adherence to the new standards. The BIS' Foreign Exchange Working Group (FXWG) Chairman Guy Debelle, whose day job is Assistant Governor of the Reserve Bank of Australia, had the following…
Read moreJens Weidmann, President of the Deutsche Bundesbank, will become chairman of the Board of Directors of the Bank for International Settlements on November 1, 2015.
Read moreThe Bank for International Settlements has established a working group which will, in conjunction with central banks across the globe, work toward single global regulation for the FX industry
Read moreWith substantial geographical shifts in currency reserves over the last decade, could the renminbi zone finally be here?
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