BIS: Stablecoins, Financial Health And Cyber Risks

Stablecoins: framing the debate

Pablo Hernández de Cos lays out the opportunities and challenges around stablecoins and the case for international cooperation on regulation.

Currency risk hedging

Under-hedging and a speculative approach to managing currency risk left fund managers exposed to the April 2025 "Liberation Day" shock.

Digital innovation and financial health

Technology can help households to manage financial obligations and have confidence in their future - but this is not guaranteed.

How are non-bank financial institutions reshaping global banking?

Cross-border bank credit to NBFIs increased by $312 billion in Q3 2025, marking a 13% year-on-year growth. This makes NBFIs the fastest-growing counterparty sector globally.

Red Book statistics and commentary

The use of cashless payments continues to increase globally. Even so, it is impossible to imagine a world without cash.

Cyber risk stress testing for banks

How authorities can design stress tests for cyber risk for the banking sector, to improve the operational resilience of firms and the financial sector.

Cryptoasset service providers and intermediation

The rapid evolution of cryptoasset service providers into financial intermediaries highlights the need for robust prudential frameworks.

The geography of AI firms

BIS research explores geography of AI production, AI firms’ economic footprint, regional specialisations and domestic and cross-border investment patterns.

More BIS publications

CPMI Briefs: The future of financial messaging: navigating the ISO 20022 migration journey
This Brief underscores the pivotal role of the ISO 20022 financial messaging standard in fostering faster, cheaper, and more transparent and inclusive cross-border payments.

Working Paper: Imitation and the diffusion of innovation
When an innovator makes its innovation freely available, competitors adopt it and help consumers discover its value, ultimately benefiting the innovating firm.

Statistical Release: BIS international banking statistics and global liquidity indicators at end-December 2025
Cross-border bank credit expanded by $656 billion in Q4 2025, reaching $38 trillion.

Upcoming

15 May: Over-the-counter Derivatives Statistics for H2 2025
19 May: Andréa M Maechler participates in a panel on central banking in the digital era at the Federal Reserve Bank of Atlanta’s 2026 Financial Markets Conference
19-20 May: Basel Committee meets