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    1. 15 hours ago

      European banks uneasy over deeper negative interest rates

      This year’s rout of European bank stocks has raised concern about how far below zero the European Central Bank can cut...

    2. FT Alphaville

      February 5, 2016

      "It's the stocks, not the shocks"

      Jaime Caruana, the general manager of the Bank for International Settlements, and the former boss of the Bank of Spain,...

    Special Reports

    1. The Future of the Renminbi

      The International Monetary Fund’s recommendation that China’s renminbi should join the...
    2. Exchanges, Trading & Clearing

      A series of market shocks have demonstrated the complex relationship between humans an...
    Search more Special Reports on this topic.

    1. February 5, 2016

      Lending to emerging markets comes to halt

      The surge in lending to emerging markets that helped fuel their own — and much of the world’s — growth over the past 15...

    2. Fast FT

      January 7, 2016

      Moody's gives nod to systemic role of clearing houses

      Moody’s released its new methodology for rating clearing houses on Thursday, a move that underscores the growing...

    3. December 6, 2015

      Central banks warned to be firm on rate rises

      Central banks should press ahead with plans to tighten monetary policy and not let market volatility sway their...

    4. December 6, 2015

      EMs ‘not discriminated against’ by rating agencies

      Rating agencies do not systematically discriminate against emerging market countries by unfairly awarding them lower...

    5. December 6, 2015

      BIS argues for tighter monetary policy in spite of ‘uneasy calm’

      Central banks must not let market volatility halt their plans to retreat from crisis-fighting monetary policies, the...

    6. November 30, 2015

      SDR move seen as vote of confidence in China’s leaders

      China’s leaders have long sought to win a place for the renminbi in the International Monetary Fund’s elite basket of...

    7. November 10, 2015

      Credit crunch threatens emerging market moves to kick-start growth

      An imminent credit crunch in emerging markets threatens to derail efforts by governments to kick-start growth in their...

    8. November 9, 2015

      Banks / TLAC: how to succeed at failure

      Big numbers are impressive. But in banking it is often the small ones that matter. So get over the shock of the up to...

    9. The Exchange

      October 9, 2015

      Is the Fed being goaded into raising rates too soon?

      All year, financial markets have been expecting the US Federal Reserve to begin the process of normalising interest...

    10. October 4, 2015

      Sandwich casualties of the pensions time-bomb

      Anyone who has paid even passing attention to pensions recently is familiar with the concept of the demographic shift....

    11. September 16, 2015

      Emerging market companies worry about higher US rates

      As the US Federal Reserve meets on Thursday to decide whether to raise interest rates for the first time in nearly a...

    12. September 15, 2015

      BIS breathes new life into calls for rate rises

      In introducing the Bank for International Settlements’ latest quarterly report Claudio Borio, head of the BIS’s...

    13. September 3, 2015

      EM dollar bond issuers engage in corporate ‘carry trade’

      What happens when industrial companies act like hedge funds? The companies in question are manufacturers, transport...

    14. July 12, 2015

      The tricky business of currency hedging

      It is a truism to say that today’s markets are more beholden to central bankers than ever before. It is also true that...

    15. June 30, 2015

      Free Lunch: Keep flooring it

      Tightening temptations It has become fashionable in certain circles to see low interest rates as a Bad Thing. The Bank...

    16. June 28, 2015

      BIS urges structural reform to boost growth

      The Bank for International Settlements, often described as the central bankers’ bank, has warned for years of the...

    17. June 28, 2015

      A cloud hangs over the Masters of the Universe

      Asset managers are the new “Masters of the Universe”. At least, that is the view of some in the market as the industry...

    18. June 28, 2015

      Bank for International Settlements warns of emerging market risks

      Economists and foreign investors may have overestimated the potential economic output of a quintet of Latin American...

    19. June 28, 2015

      Low rates hold back global growth, BIS warns

      Ultra-low interest rates hold back global growth and fuel instability, the Bank for International Settlements has...

    20. June 11, 2015

      Emerging markets display US rate resilience

      The recent rise in US bond yields has not delivered the same degree of fretting in emerging market assets that a...

    21. June 8, 2015

      Compression of swap trades gains pace as banks tear up old trades

      The global derivatives market contracted in notional size during the second half of 2014, driven by banks tearing up...

    22. May 26, 2015

      Why finance is too much of a good thing

      Is it possible to have too much finance? Harmed by the aftermath of financial crises, enraged by bailouts of financial...

    23. May 25, 2015

      Global regulators look to UK lead in push to tame market abuse

      Blink and you’d have missed it. In all the kerfuffle over the latest banking scandal — complete with colourful emails...

    24. May 20, 2015

      ISDA looks to overhaul single name CDS

      The financial industry is seeking to overhaul a vital but deteriorating part of the credit derivatives market.by...

    25. FT Alphaville

      May 5, 2015

      Camp Alphaville -- a line-up teaser...

      You should have the date in your diary already: Alphaville’s annual festival of finance, Camp Alphaville, July 1,...

    26. April 5, 2015

      Mutual funds deny systemic risk in developing markets

      Mutual fund investors own only a small slice of emerging market assets and are unlikely to pose a systemic risk to the...

    27. March 29, 2015

      Regulators compete to predict worst fund havoc

      Global financial regulators appear to be engaged in their own private game. The winners will be those who can sound the...

    28. March 22, 2015

      Fund manager pay is ‘key’ factor in price bubbles

      The way fund managers are paid is a “key” contributing factor to the threat of price bubbles that inflate equity and...

    29. March 18, 2015

      Deflation and the price of money

      It took the arrival of deflation in the eurozone, in the form of falling prices in December and January, finally to...

    30. March 18, 2015

      New rules for OTC derivatives delayed for 9 months

      Tougher rules for trading over-the-counter derivatives have been delayed by nine months after regulators acknowledged...

    31. The World

      March 18, 2015

      How dangerous is deflation?

      The spectre of deflation is seldom something to fear, according to economists at the Bank for International Settlements...

    32. March 18, 2015

      BIS warns on risks from big fund groups

      Decisions taken by only a few big fund managers could determine how well bond markets function in future crises,...

    33. March 13, 2015

      Dollar drives emerging market gloom

      At the end of last year the world’s oldest international financial organisation made a dire prediction. If the dollar...

    34. March 5, 2015

      Stress tests for banks are a predictable act of public theatre

      When the US government announced in 2009 that it was launching stress tests for the country’s largest banks, it seemed...

    35. February 19, 2015

      Free Lunch: The sources of growth

      Economists take the long view We are barely out of an acute financial crisis, but a fizzing interest in long-term...

    36. FT Alphaville

      February 19, 2015

      Coming to terms with bond prices

      Finance, particularly the fixed income variety, lends itself to maths which suggest neatness — messy human hopes and...

    37. FT Alphaville

      February 16, 2015

      Crush the financial sector, end the great stagnation?

      Productivity growth in the rich world started slowing down around the same time that the financial sector’s share of...

    38. February 7, 2015

      BIS says financial flows partly to blame for oil collapse

      The near 50 per cent fall in oil prices since mid-June cannot be solely explained by changes in consumption and...

    Search for Bank for International Settlements and