Bank for International Settlements

Agustin Carstens, the general manager of the Bank for International Settlements (BIS), has emphasized the importance of establishing legal frameworks to support the implementation and growth of Central Bank Digital Currencies (CBDCs). This topic is expected to be a focal point at Benzinga's...

Emerging economies face heightened financial risks due to cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), according to a study by the Bank for International Settlements (BIS), a prominent global central bank consortium. Despite some proponents advocating for digital assets...

Corporates continue to embrace central bank digital currencies, or CBDCs, despite certain politicos calling the emerging tech "evil" and likening it to "the Death Star." What Happened: Mastercard (NYSE: MA) recently unveiled its CBDC Partner Program, which counts Ripple (CRYPTO...

The Bank for International Settlements (BIS) unveiled a new initiative called the Payments Interoperability and Extension (PIE) task force, which will feature the participation of the blockchain-powered payment platform Ripple (CRYPTO: XRP). In a recap of the PIE task force gathering held on...

An association of global central banks expressed doubt to the finance ministers of the world's 20 biggest economies about cryptocurrency's suitability as a financial instrument due to "intrinsic structural defects." What Happened: The Bank for International Settlements (BIS) wrote...

By the close of this decade, as many as 15 central bank digital currencies (CBDCs) might be operational worldwide, according to a survey conducted by the Bank for International Settlements (BIS). The Switzerland-based institution, which is under the ownership of 63 central banks accounting...

The Bank for International Settlements (BIS), an international financial institution owned by member central banks, has cautioned that despite inflation subsiding in many regions, central banks still have significant work ahead of them. In a statement, the BIS noted, “Despite...

The Bank for International Settlements (BIS), which brings together central banks from around the world, says its Project Icebreaker experiment has shown the benefits of the cross-border payment model for central bank digital currencies (CBDCs). The project, conducted with the help of the central...

The argument that cryptocurrencies are a viable alternative to fiat currency has been settled in the wake of the digital-asset sector's recent turmoil, with technology not being an alternative for "trusted" money, according to the Bank for International Settlements' Agustín...

The Past Week, In A Nutshell What Happened: After auctioning to new all-time highs, U.S. index futures moved back into balance. Remember This: “With Global Liquidity jumping by some US $20 trillion in 2020, or some 25% of World GDP, there is a lot to spend... Consider that following the 1930s...

The sudden sharp decline in Greece's bailout negotiations sent shock waves throughout international markets and gave investors reason to believe that the nation was headed for an exit from the eurozone. In the U.S., markets remained relatively calm with the Dow Jones Industrial Average...

After excessive debt caused the collapse of Lehman Brothers at the start of the US financial crisis, US companies shied away from taking new loans and focused on lowering their debt. However, five years later, it seems more and more companies are using corporate bonds to grow. The Federal Reserve...

The Bank for International Settlements (BIS) overnight issued its annual report in which it wrote a scathing review of global central banking policy. The BIS urged central bankers to reel in expansionary policies as delivering increasing amounts of stimulus becomes "increasingly perilous."...

U.S. equity futures slipped in pre-market trading as mixed economic data with a slight positive bias was weighed down by fears over Europe's debt crisis. Positive industrial production and retail sales data in China were offset by weak trade data. Meanwhile, the return of former Prime Minister...