Report finds the number of correspondent banking relationships is shrinking
Market value fell from US$10.3 trillion in June 2018 to $9.7 trillion at the end of the year
This increase was driven largely by U.S. dollar interest rate contracts
The group of global financial sector policy-makers’ new annual report stressed the need for critical structural reforms to keep the global economy churning
The online course will be made available to financial regulators worldwide later this year
Extreme price volatility, high transaction costs and a lack of investor protection make cryptocurrencies unsafe
Carney will succeed Agustín Carstens, who will step down as chairman of two committees when he takes up the post of general manager of the BIS at the beginning of December
The changes are intended improve the functioning and flexibility of the BIS board
DLT arrangements could help enhance market transparency and risk management, but there could be negative implications to consider
The survey aims to help central banks monitor developments in global financial markets