After a wave of rules designed to stop banks being ‘too big to fail’, attention is now turning to whether large asset managers could be a threat to market stability. Whether parts of the industry will be deemed as systemically important is to be decided, but fund managers must take the possibility seriously and start […]
The Basel-based Bank for International Settlements (BIS), an international organisation which aims to foster cooperation between central banks, has published its annual report, warning that capital markets have increasingly become out of touch with reality.
Swiss central bank chairman Philipp Hildebrand, who quit over a currency trading scandal, is to join BlackRock as vice chairman in October.
The Bank for International Settlements should provide guidance on best practice for central bank risk management, says Paul Fisher, executive director for markets at the Bank of England.
Central banks have pulled 635 tonnes of gold from the Bank for International Settlements (BIS) in the past year, the largest withdrawal in more than a decade, the FT reports.