BIS Latest Update: AI's Economic Impact, Financial Stability Risks And Fiscal Spaces

March 2026

Economic impact of AI

AI's impact on productivity depends on preparedness – advanced economies are better positioned, while closing gaps in emerging market economies can foster convergence and growth.

Synthetic risk transfers

The use of synthetic risk transfers has grown in the last decade. Associated risks are managed by market participants to some extent, but merit continued monitoring.

Insurance supervisory resources

Securing adequate resources and optimising their use by insurance authorities are becoming more challenging, requiring new strategies.

The history of the BIS

The BIS is participating in Basel History Days in March. Andréa M Maechler and Tobias Straumann discuss the institution's past and present.

House prices

Global house prices kept declining in real terms in Q3 2025, down 0.7% year on year.

Project Spectrum

Project Spectrum successfully combined text embeddings with machine learning algorithms to classify millions of individual products for inflation analysis.

Global giants in the AI supply chain

Global AI giants are active in several layers of the AI supply chain, increasingly combining scale and scope.

More BIS publications

BIS Working Paper: The perils of narrowing fiscal spaces
Rising government debt makes rate hikes fiscally costly and may intensify pressure on central banks.

BIS Working Paper: Dollar funding and housing markets: the role of non-US global banks
What explains the co-movement of house prices across countries? A key driver is non-US global banks’ international lending.

IFC Bulletin: Statistics and beyond: new data for decision making in central banks
Central bank statistics are undergoing profound transformations amid broader shifts shaping today’s information ecosystem.

Upcoming

4 March: Pablo Hernández de Cos gives a lecture on “Streamlining bank regulation while safeguarding stability” at the ICMB, Geneva
16 March: BIS Quarterly Review published
19 March: Alexandre Tombini speaks at the Association of Mexican Banks on the future of money
25 March: Frank Smets speaks at The ECB and its Watchers XXVI conference