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Showing 1 - 10 of 17 results for "International Settlements"

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
... deputy head of the Economic Analysis Department and spent almost two years on secondment at the Bank for International Settlements. "We are delighted to welcome Luci to Australia's oldest bank," Westpac chief executive Peter King said. "Luci is a highly ...

Chief economist update: When monetary and fiscal policies don't meet

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
... Josh Frydenberg) and Reserve Bank of Australia (RBA) governor Philip Lowe. A report by the Bank for International Settlements (BIS) - the central bank of central banks - Committee on the Global Financial System, chaired by Lowe, provides the clearest ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
"Help, I need somebody... Help me if you can, I'm feeling down... Help me get my feet back on the ground Won't you please, please help me." -- The Beatles Most major world central banks have already cut interest rates (more than once) and/or ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... low of 1.5% to a deeper low of just 1%. I guess governor Lowe didn't receive the memo from Bank of International Settlements (BIS) - the world's central bank of central banks - chief Agustin Carstens that delivered a day before that: "Monetary ...

Beware tech firms in financial services

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
The Bank for International Settlements (BIS) has issued a warning about large technology companies entering financial services. The BIS said the entry of big tech into financial services presents new risks - not least of all, the competition these companies ...

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... align with the recommendations made in the Global FX Code of Conduct being developed by the Bank for International Settlements," Gall said. CBA acknowledged the EU as well, explaining its terms to customers and saying ASIC's independent expert "will ...

Economic Wrap

ALEX DUNNIN  |  MONDAY, 1 AUG 2016
... challenge, the real problem for Australia is its private debt. "Our debt level according to the Bank of International Settlements, private debt level, has gone from 150% of GDP to 210% of GDP," he told the ABC Business Report. According to the World ...

Doom(ed) rebound?

BENJAMIN ONG  |  MONDAY, 25 JAN 2016
... Economic Co-operation and Development (OECD)'s review committee and former chief economist with the Bank of International Settlements - warning that "The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially ...

Pension funds loading up on alternatives: BIS

DARREN SNYDER  |  MONDAY, 29 JUN 2015
... alternative investments in response to declining asset returns according to an annual report from the Bank of International Settlements (BIS). Pension funds in the UK and US are reported to be driving the shift with the latter's disposal of equities ...

New compass needed for global economy: BIS

NATHALIE OLOF-ORS, AAP  |  MONDAY, 30 JUN 2014
... Countries must dramatically rethink strategies for avoiding and dealing with financial crises, the Bank for International Settlements says, urging far more focus on fighting debt. The Swiss-based BIS -- dubbed the central bankers' central bank -- has ...
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