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WASHINGTON - The Bank for International Settlements in Switzerland has just published its annual report, and it is a dour document.
The BIS, as it's known, was created in 1930 to handle post-World War I reparation payments from Germany to Britain and France.
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The Bank for International Settlements in Switzerland has just published its annual report, and it is a dour document. The BIS (as it's known) was created in 1930 to handle post-World War I reparation payments from Germany to Britain and France. The Great Depression ended reparations, and now the BIS provides -- among other things -- sober commentary on the global economy. Its latest report oozes foreboding.
Consider:
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BASEL, Switzerland (HedgeWorld.com) - A study group representing the banking and securities regulatory authorities of five nations has forwarded to the Financial Stability Forum at the Bank for International Settlements a report on risk management practices during the recent market turbulence.
The "Senior Supervisors Group" includes regulators from France, Germany, Switzerland, the United Kingdom and the United States, who set out to assess the risk management successes and failures within a sample of 11 major global financial services organizations.
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...The Bank of New York Mellon is the administrator, custodian... to Managed Fund Shares based on an international or global portfolio, the Trust's application for e... in the Bank for International Settlements, Triennial Central Bank Survey, Report on Global F...
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BASEL, Switzerland (HedgeWorld.com) - Close on the heels of reports from the Committee of European Securities Regulators and the International Organization of Securities Commissions on the role of credit rating agencies in structured finance, the Bank for International Settlements on Thursday [July 3] issued a report about ratings in structured finance that looked at "what went wrong and what can be done to address shortcomings?
The report, the work of a study group established by the BIS's Committee on the Global Financial System, was chaired by the Bank of England's Nigel Jenkinson, and incorporated feedback from the rating agencies themselves, investors and industry associations.
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... issued by the PCAOB on June 21, as reported in the July 8 edition of Corporate & Financial We... Payment and Settlement Systems (CPSS) of the Bank for International Settlements and the Internationa...
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BASEL, Switzerland (HedgeWorld.com) - Institutional investors' assets under management are "rapidly catching up with those of the banking system," and their influence on the pricing of financial instruments is growing accordingly. These are the main conclusions of "Institutional Investors, Global Savings and Asset Allocations," a report published today [Feb. 28] by the Bank for International Settlements. The report was prepared by a working group established by the Committee on the Global Financial System and chaired by Jos Vials, deputy governor of the Bank of Spain.
The main focus is the growth of pension fund and insurance company assets, which worldwide came to $13 trillion and $17 trillion, respectively, in 2005. The manner in which these funds are invested is strongly influenced b...
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... have made use of the European Central Bank (ECB) to finance their deficits indirectly. . The ... [euro] from the Eurozone and the International Monetary Fund (Thesing and Krause-Jackson 2010). I... to Spain (Bank for International Settlements 2010). Before the crisis, Spain had been in a fund...BIS Quarterly Report (June): 1-64. . Browne, John. 2010. Euro Fiasco Th...
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BASEL, Switzerland (HedgeWorld.com) - The exceptionally good global macroeconomic picture calls into question the "sustainability of all this good fortune," according to the Bank for International Settlements' annual report released yesterday [June 24]. While equity markets have quickly recovered from the February sell-off, concerns about credit markets remain.
The positive picture results from an unusual scenario: a combination of high growth and subdued inflation, according to the BIS. Between April 2006 and May 2007, the period covered by the report, real growth has been maintained at levels that are the highest recorded during the postwar era. Usually, economic growth is a prelude to inflation, but this has not been the case in the global economy.
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BASEL, Switzerland (HedgeWorld.com) - In its annual report for 2005, the Bank for International Settlements acknowledged the continued growth in the hedge fund industry last year, and it sounded cautionary notes about funds' recent inability to produce consistent returns as well as about capacity constraints, bank exposure and transparency.
Additionally, the bank said in its report that similarities in the performance of a number of funds may be a sign that the much- touted diversification benefits of hedge funds could be overstated.