The Bank for International Settlements (BIS) has today released its quarterly review, International Banking and Financial Market Developments. The report found that emerging markets have reached record highs earlier this year, a direct result of the steady improvement in many countries’ fundamentals.
In the major markets, current valuations in equity and corporate bond markets, interest rates, oil prices and corporate earnings all weighed on equity prices. The BIS report found that actions such as leveraged buyouts continued to loom over corporate debt markets, but corporate spreads remained stable near their cyclical lows despite such event risk.
The review also presents a detailed account of recent activities by Basel-based committees and the Financial Stability Forum (FSF).
The FSF held its fourth Latin American meeting, as well as a meeting with representatives of the hedge fund community and their counterparties. At the FSF’s request, the Joint Forum published a consultative paper on high-level principles for business continuity. The Basel Committee on Banking Supervision (BCBS) released two consultative papers, the Committee on the Global Financial System (CGFS) published a report on housing finance and the Committee on Payment and Settlement Systems (CPSS) issued three new publications.
The full report can be viewed here.
Topics: Financial Stability Board (FSB)
More on Settlement Risk
Industry turns to utility as CLS emerging markets push stalls
Icma ERC continues to push for plans to improve Bridge settlement times
RMB volumes set for growth but settlement remains an issue
Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth
Sign up for Risk.net email alerts
Sponsored video: BAE Systems Applied Intelligence
Catch up with the debate at OpRisk's flagship London conference
Sponsored video: Elseware
Oxford professor David Vines argues that the carrot is as important as the stick
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.