Bank for International Settlements

“The global economy is at a critical juncture. Stern challenges must be addressed,” Agustin Carstens, BIS general manager, said in the organisation’s annual report published on Sunday. File. (For Representational purpose only) | Photo…

The Bank for International Settlements (BIS) said Tuesday that decentralised cryptocurrencies are a "flawed system" and instead supported the development of a centralised alternative.The BIS, regarded as the central bank of central banks,…

Cashless transactions: A customer paying through UPI to avoid cash transactions at a medical store in Visakhapatnam | Photo Credit: K.R. Deepak On Tuesday, the cross-border connectivity between India’s Unified Payments Interface (UPI) and…

There is a global consensus that the central bank digital currency (CBDC) will be useful for more efficient cross-border payments and distribution of funds during a crisis like the pandemic, the Reserve Bank of India (RBI) has said.Quoting…

MUMBAI: The Reserve Bank of India (RBI) will explore portfolio diversification through new asset classes and fresh markets for foreign exchange reserves management, the central bank has said. During FY22, the RBI added 61.6 metric tonnes…

London: A paper published by the world's main central bank umbrella group, the BIS, has called for individuals and firms to be given more control over the data collected on them by social media and other Big Tech firms and banks. The boom…

Several central banks and the Bank for International Settlements have developed prototypes for a common digital currencies platform that has the potential to make cross-border payments more efficient. The two prototypes demonstrate the…

The newly-discovered Omicron variant shows policymakers and financial markets cannot lower their guard on COVID-19 and will have to calibrate their policies carefully, the Bank for International Settlements said on Monday.Dubbed the…