This report documents a series of enhancements of the BIS international banking statistics (IBS) that have recently been endorsed by the Committee on the Global Financial System (CGFS) and are designed to make significant and long-lasting improvements to the IBS. The report provides a short...

The demand for high-quality assets that can be used as collateral will increase due to a number of key regulatory reforms. This comes on top of greater demand for collateral assets through increased reliance by banks on collateralised funding, particularly in Europe. While this can lead to...

This report - prepared by a Working Group chaired by John Clark (Federal Reserve Bank of New York) - examines the structure and recent evolution of the global trade finance market, and the interplay between changes in trade finance and international trade. In particular, it reviews the available...

This report - prepared by a Study Group chaired by Andrew Khoo (Monetary Authority of Singapore) - develops a central bank perspective on the regional integration of EME banking systems and financial markets, assesses the drivers of these developments, and draws broad conclusions for...

Market practices related to market-sensitive valuation techniques appear to have contributed to an increase in the procyclicality of leverage in the financial system. This reports sets out a menu of policy options that could be considered to mitigate these procyclical mechanisms. These include...

Executive summary Observed trends in institutional investors' behaviour Institutional investors are becoming more important in global financial markets, with their assets under management rapidly catching up with those of the banking system. Institutional investors help to ensure deeper and...

Introduction Local currency bond markets can help financial stability by reducing currency mismatches and lengthening the duration of debt. Such markets also help economic efficiency by generating market-determined interest rates that reflect the opportunity costs of funds at different...

Executive summary At its meeting in November 2004, the Committee on the Global Financial System (CGFS) established a Working Group under the chairmanship of Mr Lars Nyberg of Sveriges Riksbank to study recent changes in housing finance systems as part of the Committee's ongoing work to guard...

The financial crisis dramatically altered the environment in which sovereign debt managers and central banks had to operate. The interactions of sovereign debt management (SDM) with monetary conditions and financial stability was heightened in these historically unusual circumstances. This...

Sovereign credit risk is currently a significant issue for European banks and over coming years may have implications for global financial stability. This report examines the relationship between sovereign credit risk and bank funding conditions, how banks might respond to an environment of...