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 […]
William Dudley has been appointed as chairman of the Committee on Payment and Settlement Systems (CPSS), the Bank Bank for International Settlements said Monday.His appointment is effective immediately.The CPSS focuses on international efforts to reduce risks and increase efficiency in payment and settlement systems. The CPSS secretariat, located at the BIS in Basel, Switzerland, is […]
Five Continents Financial deal demonstrates bank’s commitment to Caribbean region