Strengthening balance sheets in the financial sector is the precondition for restoring financial stability and scaling back public sector involvement
BIS reports banks particularly exposed to Greece, Ireland, Portugal and Spain
Overall market values down 15% in the second half of 2009
Noyer succeeds Ortiz
Drop entirely driven by a contraction in interbank claims
Notional amounts of credit default swap contracts continued to decline
BIS issues quarterly review
Regulators must focus on the stability of the system as a whole as well as individual institutions
The global banking business saw an unprecedented contraction in its international balance sheets in the fourth quarter of 2008, and a continued decline in derivatives activity in the first quarter of 2009, the Bank for International Settlements said Tuesday.According to the latest BIS statistics on international banking, the industry saw a sharp decline in both […]
The over-the-counter derivatives business saw its first ever double digit decline in the second half of last year, according to the latest data from the Bank for International Settlements.The BIS reports that the total notional amount of OTC derivatives contracts outstanding was US$592.0 trillion at the end of December 2008, 13.4% lower than six months […]