Financial Stability Forum re-established as the Financial Stability Board

Financial Stability Forum re-established as the Financial Stability Board
As announced in the London Summit declaration issued today, a broad consensus has emerged towards placing the FSF on stronger institutional ground with an expanded membership - to strengthen its effectiveness as a mechanism for national authorities, standard setting bodies (SSBs) and international financial institutions to address […]

Initiatives in response to the crisis by the Basel Committee

Initiatives in response to the crisis by the Basel Committee
Nout Wellink, Chairman of the Basel Committee on Banking Supervision and President of the Netherlands Bank, today highlighted concrete steps the Basel Committee is taking to strengthen the global regulation of the banking sector.
Mr Wellink, speaking before the European Parliament’s Committee on Economic and Monetary […]

Financial Stability Forum decides to broaden its membership

Financial Stability Forum decides to broaden its membership
The Financial Stability Forum (FSF) decided at its plenary meeting in London on 11-12 March to broaden its membership and to invite as new members the G20 countries that are not currently in the FSF. These are Argentina, Brazil, China, India, Indonesia, Korea, Mexico, Russia, Saudi Arabia, South […]

Financial Stability Forum meets in London

Financial Stability Forum meets in London
The Financial Stability Forum (FSF) met in London on 11-12 March. Members discussed the risks and vulnerabilities in financial markets, the steps that are being taken to address them and policy options going forward. They also agreed to expand the FSF’s membership; assessed the outputs from a number of ongoing […]

Expansion of membership announced by the Basel Committee

Expansion of membership announced by the Basel Committee
At its 10-11 March meeting, the Basel Committee on Banking Supervision decided to expand its membership and invite representatives from the following countries to join the Committee: Australia, Brazil, China, India, Korea, Mexico and Russia.
Nout Wellink, Chairman of the Basel Committee and President of the Netherlands Bank, […]

Initiatives on capital announced by the Basel Committee

Initiatives on capital announced by the Basel Committee
Following its 10-11 March 2009 meeting, the Basel Committee on Banking Supervision announced that the level of capital in the banking system needs to be strengthened to raise its resilience to future episodes of economic and financial stress. This will be achieved by a combination of measures such […]

Basel Committee and IADI issue Core Principles for Effective Deposit Insurance Systems for public consultation

Basel Committee and IADI issue Core Principles for Effective Deposit Insurance Systems for public consultation
The Basel Committee on Banking Supervision and the International Association of Deposit Insurers (IADI) today issued the Core Principles for Effective Deposit Insurance Systems for public consultation.
The Financial Stability Forum, in an April 2008 report on the financial crisis, […]

Quarterly Review, March 2009

Quarterly Review, March 2009
The BIS Quarterly Review released today is divided into two parts. The first presents an overview of recent developments in financial markets, before turning in more detail to highlights from the latest BIS data on international banking and financial activity. The second part presents four special feature articles: the first is on […]

CGFS report on capital flows and emerging market economies

CGFS report on capital flows and emerging market economies
The Committee on the Global Financial System (CGFS) 1 today released Capital flows and emerging market economies, a report prepared by a working group chaired by Dr Rakesh Mohan, Deputy Governor of the Reserve Bank of India.
In principle, the flow of capital between nations brings benefits […]