The Bank for International Settlements’ board elected its new chairman Monday, Guillermo Ortiz, governor of the Bank of Mexico.Ortiz will succeed Jean-Pierre Roth, who has served as chairman of the board since March 2006. The BIS noted that Roth’s main achievements include the enhancement of the global dialogue within the BIS and the integration of […]
Report tracks development of global financial crisis
Jaime Caruana as been tapped to succeed Malcolm Knight as general manager of the Bank for International Settlements, the BIS said Friday.His appointment takes effect on April 1 2009, and is for a five-year term. Caruana is currently counsellor and director of the International Monetary Fund’s Monetary and Capital Markets Department, a position he has […]
BIS report examines how the excessive easing of lending standards touched off the credit crisis
Bonds adjusting to lower growth outlook
With plans to leave the Bank for International Settlements in September, Malcolm Knight, is stepping down as general manager immediately.Knight’s resignation is effective as of September 30. “In order to ensure that there would be no conflicts of interest nor the perception thereof, cooling-off measures were put in place by the chairman of the board […]
BIS releases annual report
Knight accepts appointment at Deutsche Bank
The Bank for International Settlements says that risk tolerance has been rising since mid March, as credit market conditions have improved, and the climate for many asset classes has improved, too.The BIS released its latest quarterly review today, which reports that, “Following deepening turmoil and rising concerns about systemic risk in the first two weeks […]
Report lays out framework for analyzing risks, along with specific recommendations to address them