BIS calls for European banking union and urgent fiscal reform in developed nations

bank-for-international-settlements

The Bank for International Settlements (BIS) has issued a strong call for governments around the world to act swiftly to address the root causes of the global financial crisis, including dealing with economic sector imbalances, excessive leverage, public over-indebtedness and over-burdened central banks. Only then is it likely sovereign bond yields in many countries will return to rates more typically associated with ‘risk-free' levels, the BIS said.

The BIS stressed the matter is urgent, adding

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

ESRB narrows its macro-prudential tools

The European Systemic Risk Board is about to announce a slimmed-down list of potential macro-prudential tools, but who has the power to use them is still the subject of debate. By Michael Watt

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here