Category Archives: BIS

Central Bank Digital Currency – Growing Interest, Concrete Data

By | March 28, 2019

Courtesy of Barbara C. Matthews Regulators may be setting their sights on how to regulate Big Tech – as discussed in last month’s FinReg Blog post – but, as central banks and finance ministers prepare to convene in Washington in April for the IMF/World Bank Spring Meetings, the issue poised to generate the most interest… Read More »

Basel and the IASB: Legitimacy Interdependencies and Consequences for Prudential Regulation

By | July 31, 2018

Courtesy of Jan Riepe Legitimacy is a key concern for international standard setters. If transnational actors set standards instead of national democratic authorities, the standard setters might suffer from ‘apparent’ legitimacy deficits. The consequences of an ‘apparent’ legitimacy deficit are low levels of public support for institutions, policies and authorities. Consequently, most international standard setters… Read More »

Assessing the New FX Global Code

By | June 15, 2017

Last month, a group of central bankers from around the world, operating under the auspices of the Bank for International Settlements, released the FX Global Code, “a set of global principals of good practice in the foreign exchange market.”  Work on the Code began in May of 2015, after central bank governors directed their staffs… Read More »