Bank for International Settlements (BIS)

211 results about this entity

Period: 19 Mar 2007 - 29 Apr 2024

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BIS releases new cover payments guidelines

BIS releases new cover payments guidelines

The Bank for International Settlements has provided final guidance on due diligence and transparency regarding cover payment messages in cross-border wire transfers.

BIS outlines plans to strengthen Basel II

BIS outlines plans to strengthen Basel II

The Basel Committee on Banking Supervision at the Bank for International Settlements (BIS) has announced plans to address the fundamental weaknesses revealed by the financial market crisis related to the regulation, supervision and risk management of internationally-active banks.

LCH.Clearnet eyes forex markets

LCH.Clearnet eyes forex markets

Anglo French group LCH.Clearnet is looking into ways of providing clearing services for the lucrative foreign exchange markets, according to a Financial Times report.

Working group issues guidance on new message standard for cover payments

Working group issues guidance on new message standard for cover payments

Banks have been warned that they may face disruption and delays to payments STP following the introduction of new messaging standards for cover payments as demanded by regulatory agencies.

BIS consults on AML role for intermediary banks

BIS consults on AML role for intermediary banks

The Bank for International Settlement (BIS) has issued a consultative document seeking feedback on ways to address a current weakness in global anti-money laundering (AML) efforts - the lack of transparency in payment messages used for cross-border cover payments.

Banking regulators move to tackle liquidity risk

Banking regulators move to tackle liquidity risk

The Basel Committee on Banking Supervision has issued new draft guidelines for the management and supervision of liquidity risk, aimed at making the global banking system more resilient and addressing weaknesses revealed by the credit crunch.

Regulators warn on risks to global payments and settlement system

Regulators warn on risks to global payments and settlement system

Financial regulators are warning that potential risks to the interconnected global payment and settlement infrastructure are not taken into account in current disaster recovery and crisis management procedures.

Banks warned on FX settlement risk

Banks warned on FX settlement risk

Bank-backed settlement body CLS has responded to a repeated call from the Bank for International Settlements for the industry to do more to crack down on FX settlement risk by outlining new measures and initiatives for eliminating exposures. These include investigating industry support for implementing multiple settlement sessions, which would include the settlement of same day trades.

Basel Committee calls for financial market shock treatment

Basel Committee calls for financial market shock treatment

Financial regulators will push banks to overhaul risk management practices and improve liquidity cushions as part of a series of measures aimed at making the global banking system more resilient to "financial shocks" such as the credit crunch.

Regulators call for bank action to cut FX settlement risk

Regulators call for bank action to cut FX settlement risk

An influential committee of central bankers has called on the industry to do more to drive out temporal risk in foreign exchange settlement, amid concerns that the full potential of private sector risk reduction efforts such as that offered by CLS Bank is not being realised.

Regulators call for post-trade improvements in OTC markets

Regulators call for post-trade improvements in OTC markets

The Bank for International Settlements is calling on financial firms to introduce automated systems to cut confirmation backlogs in the over-the-counter derivatives markets.

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