Existing anti-money laundering (AML) approaches relying on trusted intermediaries have limited effectiveness with decentralised record-keeping in permissionless public blockchains. The public transaction history on blockchains can enable AML and other compliance efforts, such as FX regulations, by leveraging the provenance and history of any particular unit or balance of a cryptoasset, including stablecoins. An AML compliance score based on the likelihood that a particular cryptoasset unit or...| www.bis.org
Insights from a Market Committee Working Group chaired by Andrew Hauser (Bank of England) and Lorie Logan (Federal Reserve Bank of New York)| www.bis.org
The Committee on the Global Financial System is issuing a report on "Financial stability implications of a prolonged period of low interest rates", July 2018. This report identifies and provides evidence for the channels through which a "low-for-long" scenario might affect financial stability, focusing on the impact of low rates on banks and on insurance companies and private pension funds (ICPFs). ...| www.bis.org
Gross capital flows play a central role in today's policy debates. Yet current theory largely relies on net flow models of saving and current accounts. This limits the scope of policy advice. We extend the standard open economy macroeconomic model to include credit creation, thus allowing us to study gross capital flows.| www.bis.org
The BIS Triennial Central Bank Survey is the most comprehensive source of information on the size and structure of global foreign exchange (FX) and over-the-counter (OTC) derivatives markets. The Triennial Survey aims to increase the transparency of OTC markets and to help central banks, other authorities and market participants monitor developments in global financial markets. It also helps to inform discussions on reforms to OTC markets.| www.bis.org
