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Showing 1 - 10 of 22 results for %22Bank for International Settlements%22

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
Luci Ellis will join Westpac as its new chief economist after almost 15 years with the Reserve Bank of Australia (RBA), succeeding the long-serving Bill Evans. Ellis will join the bank in October while Evans will stay with the group and transition into ...

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

BENJAMIN ONG  |  TUESDAY, 8 OCT 2019
He said, he said. This must be a thing now. Just as US President Trump and his central bank governor Jerome Powell don't see eye to eye with the conduct of government and monetary policies, there is no meeting of the minds between Australian Prime ...

Northern Trust to clear high-value payments

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... System (HVCS), which clears big-ticket payments averaging $2.5 million for a total of $100 billion every day. The custody bank will now be able to settle its own high value payment obligations on a real-time gross settlement basis via the Reserve Bank ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
... Irene could only surmise that the OECD's downgrade to its global growth projections already accounted for earlier central bank policy easing and expectations for more. This, in essence, is an admission of central banks' near-impotence at reversing ...

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

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... has dropped from a record 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 ...

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
ASIC accepted enforceable undertakings from National Australia Bank and Commonwealth Bank of Australia following an investigation by the corporate regulator. The undertakings relate to the banks' wholesale spot foreign exchange businesses. ASIC determined ...

Economic Wrap

ALEX DUNNIN  |  MONDAY, 1 AUG 2016
... unwilling to address the 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. ...

Doom(ed) rebound?

BENJAMIN ONG  |  MONDAY, 25 JAN 2016
... - looks like "money managers in the market conceded that matters had gone too far" even before hitting Standard Chartered Bank's US$10 a barrel prediction. Perhaps, prices have indeed fallen too far (and too fast). Perhaps, all those who wanted out of ...

Pension funds loading up on alternatives: BIS

DARREN SNYDER  |  MONDAY, 29 JUN 2015
... funds are loading up on 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 ...
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