Bank for International Settlements (BIS)

208 results about this entity

Period: 19 Mar 2007 - 12 Apr 2024

/payments

NextGen Nordics 2024: Under two weeks to go!

On 23rd April, Finextra will be returning to Stockholm for NextGen Nordics for a day packed with panels, Q&As, workshops, keynotes, and networking.

/payments

Central banks explore tokenisation of cross-border payments

A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.

/sustainable

Central banks adopt LLMs to extract climate risk data from corporate reports

The Bank for International Settlements has completed proof-of-concept testing of Project Gaia, an initiative conducted in concert with three central banks to explore the use of natural language processing, optical character recognition and machine learning to extract climate-related data from corporate reports.

/payments

Tap, click and pay: how digital payments seize the day

The use of digital payments around the world continued to grow in 2022, while the number of cash withdrawals and small-denomination banknotes declined, according to BIS figures.

/crypto

Metaverse to place new demands on payment services - BIS

The metaverse could place new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by crypto, according to a Bank for International Settlements report.

/crime

Could CBDCs help prevent fraud?

Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.

/crime

BIS and Bank of England seek advisors for financial crime project

The London innovation hub of the Bank for International Settlements is inviting applications for an expert advisory group on a Bank of England-led project on financial crime fighting.

/regulation

BIS Innovation Hub discloses first six projects for 2024 work programme

The Bank for International Settlements (BIS) today announced the first batch of six new projects in its 2024 Innovation Hub work programme, including experimentations on cyber security, fighting financial crime, central bank digital currencies (CBDCs) and green finance.

/regulation

LLMs display cognitive shortfalls - BIS

When posed with a logical puzzle that demands reasoning about the knowledge of others and about counterfactuals, large language models (LLMs) display a "distinctive and revealing pattern of failure," according to a bulletin from the Bank for International Settlements.

/regulation

Basel Committee tightens criteria for preferential regulatory treatment of stablecoins

The Basel Committee on Banking Supervision today published a consultative document to propose targeted adjustments to its standard on banks' exposures to cryptoassets.

/regulation

Banks still lagging in meeting risk data aggregation and reporting principles

The Basel Committee on Banking Supervision today published a progress report on banks' implementation of the BCBS 239 Principles for effective risk data aggregation and reporting.

/regulation

Bank regulators warn over operational resilience challenges

Banks across the EU are failing to adequately meet guiding Principles on operational resilience and risk laid down by the Basel Committee in 2021.

/security

Basel Committee publishes discussion paper on digital fraud

The Basel Committee on Banking Supervision is today publishing a discussion paper on digital fraud and banking.

/crypto

How stable are stablecoins? Not very says the BIS

Not a single stablecoin monitored by the Bank for International Settlements has succeeded in maintaining parity with its currency peg, leading to uncomfortable questions about the their utility in the real economy.

/crypto

BIS-led Project Polaris provides guide for offline OCBC design

The design of offline payments with Central Bank Digital Currency (CBDC) is a complex undertaking.

/payments

Linking fast payment systems across borders: considerations for governance and oversight

This consultative report - issued as part of the G20 cross-border payments programme - describes initial considerations on governance and oversight for fast payment system (FPS) interlinking across borders.

/crypto

Banks must disclose crypto asset exposures says Basel Committee

Banks will be forced to disclose their exposure to crypto assets under new regulatory rules proposed by the Basel Committee on Banking Supervision.

/payments

BIS publishes proposals for harmonisation of ISO20022 data standards

The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) has published harmonised ISO 20022 data requirements amid fears over the inconsistent application of the international messaging standard across different jursidictions.

/regulation

Central banks bid to embed compliance requirements into real-time transactions

The Bank for International Settlements, along with the central banks of Australia, Korea, Malaysis and Singapore, is exploring the possibility of embedding regulatory requirements into cross-border transactions.

/crypto

BIS Project Atlas explores economic significance of cryptoassets and DeFi

The Bank for International Settlements (BIS) and its partner central banks within the Eurosystem have developed a proof of concept to explore the macroeconomic relevance of cryptoasset markets and DeFi.