Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.
February 24, 2023Agustín Carstens says big techs involved in financial services are gaining systemic importance and may quickly become “too big to fail”.
February 12, 2023The BIS warns that the dangers of stagflation "loom large" due to lingering disruptions from the pandemic, the war in Ukraine, and soaring commodity prices.
June 29, 2022The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.
November 7, 2021While Asian emerging markets are better placed to withstand tightening global financial conditions, there are lingering causes for concern, says Agustín Carstens.
October 25, 2021The fund will help channel central bank reserves to green projects in Asia Pacific, complementing two other green bond funds already launched by the BIS.
October 21, 2021While economic disaster was averted, the BIS warns that considerable uncertainty remains that will present significant challenges for policymakers.
July 2, 2021The launch is part of a plan to expand the global reach of the BIS Innovation Hub, which includes the opening of Centres in Toronto, Frankfurt, Paris and Stockholm.
June 12, 2021CBDCs need to be linked to a digital identity in order to be useful in achieving financial inclusion, said BIS general manager Agustín Carstens.
January 29, 2021Rules for designating financial institutions as systemically important should be redefined so they can be applied to BigTech entities, says Agustín Carstens.
January 28, 2021