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BIS Latest Update May 2024: The Basel Committee At 50, The Finternet, And Revised Core Principles

Date 02/05/2024

Basel Committee at 50

Pablo Hernández de Cos discusses the strengths and achievements of the Basel Committee on its 50th anniversary and looks to future regulatory challenges.

The Finternet: a giant leap for the financial system 

The “Finternet” is a vision for the future financial system: multiple interconnected financial ecosystems designed to empower individuals and firms.

Revised Core Principles

The revised Core principles for effective banking supervision include lessons learned on mitigating financial risk since 2012.

Innovation, inflation and inclusion

Roberto Campos Neto, Governor of the Central Bank of Brazil, talks to Alexandre Tombini, Chief Representative for the BIS Office for the Americas, about past challenges and future priorities for the central bank, including instant payments and financial inclusion.

Chart of the Month: AI and households

Generative AI promises to open up a whole new range of possibilities for people. But will it benefit everyone?

Project Agorá 

The BIS, major central banks and the banking sector embark on a project to explore the tokenisation of cross-border payments.

Project Raven: AI for cyber security

The new Nordic Centre project aims to help central banks assess financial systems' cyber resilience and preparedness – and their own.
More BIS publications 

 Statistics: International banking statistics and global liquidity indicators
Cross-border credit expanded in Q4 2023 while derivatives claims fell sharply. Dollar credit recovered as policy tightening slowed.

FSI Insights: Stablecoins: regulatory responses to their promise of stability
Stablecoin regulation is under way, with variations across countries.

IFC Bulletin: Communication on central bank statistics
Central banks are improving how they communicate statistics to make them more useful to more people.

Upcoming

  • 6-7 May: The BIS Innovation Summit brings together global policymakers and senior executives from the financial and technology industries. Livestreamed.
  • 16 May: Fernando Restoy speaks at the IESE Business School Banking 2024 industry meeting
  • 17 May: Cecilia Skingsley speaks at a conference marking the 10th anniversary of the European banking union, organised by EUI-Bocconi
  • 23 May: Andréa M Maechler speaks at the Sveriges Riksbank conference “The quest for nominal stability: Lessons from three decades with inflation targeting”
  • 30 May: Q4 residential property prices