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Bank for International Settlements

Have Central Banks Gone Too Far? A Warning From the Bank for International Settlements

Sheldon Filger | Posted 08.26.2013 | Business
Sheldon Filger

A characteristic of the global financial and economic crisis that erupted in 2008 is that central banks have usurped the role of policy maker in sover...

Citigroup Puts The Fun Back In Taking Huge Losses

Bloomberg View | Jonathan Weil | Posted 09.14.2012 | Business

Bloomberg View A few months ago, the Bank for International Settlements, which acts as a bank for the world’s central banks, warned in its annual...

Report: Big Banks Take Risks Expecting Taxpayers To Cover Losses

AP | DAVID MCHUGH | Posted 08.24.2012 | Business

FRANKFURT, Germany — Governments, banks and households struggling with too much debt are dragging down the world's economy and more needs to be ...

Oh Canada! Imposing Austerity on the World's Most Resource-rich Country

Ellen Brown | Posted 06.03.2012 | Business
Ellen Brown

Canada's once-proud government programs are being subjected to radical budget cuts -- cuts that could have been avoided if the government had not quit borrowing from its own central bank in the 1970s.

World's Governments Need To Do More To Regulate Banks, Says Committee

The Huffington Post | Alexander Eichler | Posted 09.05.2011 | Business

Global banking reform isn’t coming fast enough for the Basel Committee on Banking Supervision. On Wednesday, the Basel Committee, a Swiss-based o...

Interest Rates Must Rise Globally To Curb Inflation: International Report

Posted 08.26.2011 | Business

BASEL, Switzerland (Sakari Suoninen) - Global interest rates must rise to avoid high inflation becoming entrenched, the Bank for International Set...

Basel III -- Tightening the Noose on Credit

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

If the big banks that brought you the current credit crisis can already meet the new requirements, what exactly does Basel III achieve, beyond shaking down their smaller competitors?

World Banks Warn Of Looming Crunch

nytimes.com | JACK EWING | Posted 05.25.2011 | Business

The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much no...

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Bankers, Regulators and Governments: the Difficult Consensus

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

The recent crisis was a failure of risk management -- a diagnosis widely shared among the members of the IIF. But we are also starting the next crisis: the public finance crisis in Europe, the United States and Japan.

Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 05.25.2011 | Politics
Georges Ugeux

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

Time to Stop the Regulatory Circus and to Steer the Ship to Safe Ground

Georges Ugeux | Posted 05.25.2011 | Home
Georges Ugeux

The real issue for regulators around the globe is a serious definition of the financial world we want to live in. The current focus nearly exclusively on the banking sector could cause authorities to miss the broader picture.

Economic 9-11: Did Lehman Brothers Fall or Was It Pushed?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Why was Bear Stearns saved from bankruptcy but Lehman Brothers was not? How could the decision makers not realize the dire consequences of letting Lehman go down?

The Bloodless Coup of the Global Financial Stability Board: From Guidelines to Rules

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Political colonialism is now a thing of the past, but under the new Financial Stability Board guidelines, nations can still be held in feudalistic subservience to foreign masters.