News archive - 2003

29 December 2003BIS Speeches:

Malcolm D Knight: Three observations on market discipline

18 December 2003New CPSS publication: Statistics on payment and settlement systems in selected countries - Figures for 2002
17 December 2003Translations of the Overview of the BIS Quarterly Review December 2003 - International banking and financial market developments
15 December 2003New central bank link:

Haiti
8 December 2003Publication and press release:

BIS Quarterly Review December 2003 - International banking and financial market developments

In this issue: 1) The credit spread puzzle,   2) Common factors in emerging market spreads,   3) Sovereign credit default swaps; 4) Unifying government bond markets in East Asia    
1 December 2003Press release:

New Chairman of the Joint Forum

28 November 2003New publication:

Joint BIS-IMF-OECD-World Bank statistics on external debt

26 November 2003BIS Papers: Fiscal issues and central banking in emerging economies
19 November 2003CPSS publication:

Payment systems in Saudi Arabia

18 November 2003Press release:

FSF concludes third Latin American Regional Meeting

18 November 2003CPSS publication:

Payment systems in Lebanon

17 November 2003CPSS publication:

Payment systems in Kazakhstan

12 November 2003Publication and press release:

The Global OTC Derivatives Market at end-June 2003.
5 November 2003New central bank link:

Tonga
27 October 2003Basel Committee issues consultative document on the compliance function in banks
24 October 2003BIS consolidated banking statistics for the second quarter of 2003
24 October 2003Working papers:

Three episodes of financial fragility in Norway since the 1890s

The Balassa-Samuelson effect in central Europe: a disaggregated analysis

Transparency versus constructive ambiguity in foreign exchange intervention

22 October 2003French full translation of the BIS Quarterly Review September 2003 - International banking and financial market developments
16 October 2003German and Italian full translations of the BIS Quarterly Review September 2003 - International banking and financial market developments
16 October 2003CPSS: Spanish translation of Policy issues for central banks in retail payments (extracts)
13 October 2003Note to former private shareholders:

Hague Arbitral Tribunal final decision of 19 September 2003
11 October 2003Press release:

Basel II: Significant Progress on Major Issues
8 October 2003Basel Committee: French translation of High-level principles for the cross-border implementation of the New Accord
3 October 2003BIS Papers: Monetary policy in a changing environment
3 October 2003CPSS publication:

Payment systems in Russia

8 October 2003Translations of the Highlights of the BIS Quarterly Review September 2003 - International banking and financial market developments
1 October 2003Basel Committee: Spanish translation of Internal Audit in Banks and the Supervisor's Relationship with Auditors: A Survey
30 September 2003CPSS: Spanish translation of The role of central bank money in payment systems (extracts).
30 September 2003Basel Committee: German and Italian translations of High-level principles for the cross-border implementation of the New Accord
24 September 2003Working papers:

The price level, relative prices and economic stability: aspects of the interwar debate

The Great Depression as a credit boom gone wrong

Public and private information in monetary policy models

External constraints on monetary policy and the financial accelerator

Asset prices, financial imbalances and monetary policy: are inflation targets enough?

Financial strains and the zero lower bound: the Japanese experience

24 September 2003CPSS: Spanish translation of the background information note
24 September 2003Basel Committee: Spanish translation of High-level principles for the cross-border implementation of the New Accord
22 September 2003Press release:

Withdrawal of privately held shares of the BIS: Final decision of the Hague Arbitral Tribunal
21 September 2003Press release:

Communiqué of the Ministers and Governors of the Group of Ten.
19 September 2003BIS Papers: Monetary stability, financial stability and the business cycle: five views

18 September 2003Translations of the Overview of the BIS Quarterly Review September 2003 - International banking and financial market developments
16 September 2003Working papers: Currency Crises and the Informational Role of Interest Rates

11 September 2003Press release:

Financial Stability Forum holds its tenth meeting.
9 September 2003Working papers:

How good is the BankScope database? A cross-validation exercise with correction factors for market concentration measures

The cost of barriers to entry: evidence from the market for corporate euro bond underwriting

8 September 2003Publication and press release:

BIS Quarterly Review September 2003 - International banking and financial market developments

In this issue: 1) Changing links between mature and emerging financial markets,   2)  Domestic versus foreign currency sovereign ratings,   3) Reaching for yield: selected issues for reserve managers   4) Institutional asset managers: industry trends, incentives and implications for market efficiency    
4 September 2003BCBS publication: Principles for the Management and Supervision of Interest Rate Risk
29 August 2003Release: Joint BIS-IMF-OECD-World Bank statistics on external debt.

28 August 2003BCBS working paper: Markets for Bank Subordinated Debt and Equity in Basel Committee Member Countries
20 August 2003BCBS publishes the Comments received on the Third Consultative Paper on the New Basel Capital Accord
20 August 2003BCBS publication and press release:

Consolidated KYC Risk Management
20 August 2003French translation of the CPSS publication: Assessment methodology for "Recommendations for Securities Settlement Systems"
18 August 2003BCBS publication and press release:

High-level principles for the cross-border implementation of the New Accord
12 August 2003CPSS publication:

The role of central bank money in payment systems

11 August 2003Joint Forum publications and press release :

Trends in risk integration and aggregation

Operational risk transfer across financial sectors

5 August 2003Conference announcement:

Market Discipline: The Evidence across Countries and Industries
28 July 2003Working papers:

Developing country economic structure and the pricing of syndicated credits

25 July 2003Publication and press release:

The BIS consolidated banking statistics - first quarter 2003
22 July 2003Full french translation of the BIS Quarterly Review June 2003 - International banking and financial market developments
17 July 2003Publications and press release:

Management and supervision of cross-border electronic banking activities and

Risk management principles for electronic banking .
17 July 2003Press release:

Basel Committee welcomes revised FATF recommendations
11 July 2003Full german and italian translations of the BIS Quarterly Review June 2003 - International banking and financial market developments
4 July 2003BIS advises caution against fraudulent schemes
3 July 2003Press release:

Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity (2004)
30 June 2003BIS 73rd Annual Report 2002/2003
30 June 2003BIS Annual General Meeting
30 June 2003Press release:

BIS Board invites new members, appoints Hans Tietmeyer as Vice-Chairman
12 June 2003Joint publication: Initiatives by the BCBS, IAIS and IOSCO to combat money laundering and the financing of terrorism.
10 June 2003Updates on the BIS shares withdrawal process
10 June 2003Translations of the Overview of the BIS Quarterly Review June 2003 - International banking and financial market developments
2 June 2003Press release:

Launch of the Asian Bond Fund
2 June 2003Publication and press release:

BIS Quarterly Review June 2003 - International banking and financial market developments

In this issue: 1) Buoyant markets in weak economies,   2) Capital flows in East Asia since the 1997 crisis,   3) Risk attitudes: what can we learn from options?   4) What drives investor risk aversion?    
30 May 2003Release: Joint BIS-IMF-OECD-World Bank statistics on external debt.

27 May 2003Basel Committee:

Supplementary information on the Third Quantitative Impact Study (QIS 3).
21 May 2003BIS Papers:

Regional currency areas and the use of foreign currencies.

20 May 2003Basel Committee Publication:

Public Disclosures by Banks: Results of the 2001 Disclosure Survey..
19 May 2003Press release:

Roger W Ferguson Jr to chair Financial Stability Forum.
8 May 2003Publication and press release:

The Global OTC Derivatives Market at end-December 2002.
7 May 2003BIS Papers:

Guide to the international financial statistics.

China's capital account liberalisation: international perspectives.

5 May 2003Basel Committee:

Results of the Third Quantitative Impact Study (QIS 3).
1 May 2003CPSS publications and press release:

Payment and settlement systems in selected countries;. Statistics on payment and settlement systems in selected countries - Figures for 2001.
29 April 2003Publication and press release:

Third Consultative Paper of the New Basel Capital Accord.
25 April 2003New publication and Press Release:

The BIS consolidated international banking statistics - fourth quarter 2002
16 April 2003Translations:

BIS Quarterly Review March 2003 - International banking and financial market developments (French, German, Italian)
9 April 2003Basel Committee workshop:

Banking and Financial Stability: A Workshop on Applied Banking Research
9 April 2003Working papers:

Optimal supervisory policies and depositor-preference laws

31 March 2003CGFS Publications:

Incentive structures in institutional asset management and their implications for financial markets.
31 March 2003Conference:

Monetary stability, financial stability and the business cycle
26 March 2003Publication and press release:

FSF reviews vulnerabilities and efforts to strengthen the international financial system
24 March 2003Group of Ten report: Report of the G-10 Working Group on Contractual Clauses

20 March 2003BIS Speeches:

Andrew Crockett: Central banking, financial stability and Basel II;

Andrew Crockett: International standard setting in financial supervision;

William White: International financial crises: prevention, management and resolution
14 March 2003Basel Committee:

The 2002 Loss Data Collection Exercise for Operational Risk: Summary of the Data Collected.
10 March 2003Press release:

SDR to replace gold franc at the BIS
10 March 2003Publication and press release:

CPSS report on "Policy issues for central banks in retail payments"
10 March 2003Press release:

Joseph Yam appointed Chairman of the BIS Asian Consultative Council.
10 March 2003Press release:

Meeting of G10 central bank governors and heads of banking supervision.
10 March 2003Publication and press release:

BIS Quarterly Review March 2003 - International banking and financial market developments

In this issue: 1) Choosing instruments in managing dollar foreign exchange reserves,   2) The euro interest rate swap market,   3) Volatility and derivatives turnover: a tenuous relationship    
3 March 2003Working papers:

Living with flexible exchange rates: issues and recent experience in inflation targeting emerging market economies

28 February 2003Release: Joint BIS-IMF-OECD-World Bank statistics on external debt.

26 February 2003BIS Papers: Guide to the international financial statistics.

25 February 2003Basel Committee Publications:

Sound Practices for the Management and Supervision of Operational Risk.
21 February 2003Working papers:

Are credit ratings procyclical?
18 February 2003Working papers:

Towards a macroprudential framework for financial supervision and regulation?;

A tale of two perspectives: old or new challenges for monetary policy?
7 February 2003Press release:

Central banks to collect more in-depth statistics on banks' country risk exposures.
31 January 2003Working papers:

A survey of cyclical effects in credit risk measurement models;

The institutional memory hypothesis and the procyclicality of bank lending behaviour
29 January 2003CGFS Publication:

Credit risk transfer.
24 January 2003Translations of CPSS publication:

Assessment methodology for "Recommendations for Securities Settlement Systems". Spanish

Recommendations for securities settlement systems. French
24 January 2003Basel Committee Publications:

Shell banks and booking offices.

Parallel-owned banking structures.
23 January 2003Press release:

Roger W Ferguson Jr appointed Chairman of the CGFS.
23 January 2003New publication and Press Release:

The BIS consolidated international banking statistics - third quarter 2002
23 January 2003Working papers:

Credit constraints, financial liberalisation and twin crises;

Communication and monetary policy
20 January 2003Working paper:

Positive feedback trading under stress: Evidence from the US Treasury securities market
20 January 2003Translations:

BIS Quarterly Review December 2002 - International banking and financial market developments (French, German, Italian)
20 January 2003New central bank link:

Uruguay
15 January 2003Financial Stability Institute: 2002 Award winning paper.

15 January 2003Exchange of letters modifying the Bank's Headquarters Agreement with Switzerland (original in French).
13 January 2003Press release:

Malcolm D Knight appointed as BIS General Manager.
8 January 2003Contact Group report and press release: Turbulence in asset markets: the role of micro policies