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Welcome to the Bank for International Settlements

=================================================

Promoting global monetary and financial stability through international cooperation

[

Markets caught in cross-currents

11 Mar 2025

 | 

Quarterly Review

Markets were pulled in different directions during the review period, reflecting different trends in government bonds, equity and corporate credit.

](/publ/qtrpdf/r_qt2503a.htm)[

The international dimensions of credit

11 Mar 2025

 | 

Quarterly Review

BIS statistics can shed light on various international dimensions of credit and their impact on financial stability in borrower economies.

](/publ/qtrpdf/r_qt2503f.htm)

[

Monetary policy frameworks

11 Mar 2025

 | 

Video

](https://youtu.be/5JGERU6d5_o)[

The rise of green bonds

11 Mar 2025

 | 

Quarterly Review

](/publ/qtrpdf/r_qt2503d.htm)

What's new at BIS

-----------------

### Speeches from

*   [

    Central bankers

    ](https://www.bis.org/?hpspeechtabs=0)

*   [

    BIS management

    ](https://www.bis.org/?hpspeechtabs=1)

*   [A robust strategy for a new era](/review/r250313c.htm)  

    13 Mar 2025 | Christine Lagarde

*   [Future challenges for monetary policy in the Americas](/review/r250311h.htm)  

    13 Mar 2025 | Victoria RodrĂ­guez Ceja

*   [Economic outlook](/review/r250311d.htm)  

    12 Mar 2025 | Jerome H Powell

*   [Discussion of "Monetary policy transmission to real activity"](/review/r250311b.htm)  

    12 Mar 2025 | John C Williams

*   [Digital payments - background and benefits](/review/r250311f.htm)  

    12 Mar 2025 | Sanjay Malhotra

[See all central bankers' speeches](/cbspeeches/index.htm)

### Research at BIS

*   [The role of geopolitics in international trade](/publ/work1249.htm)  

    14 Mar 2025 | Working paper | Han Qiu, Dora Xia and James Yetman

*   [Climate Minsky moments and endogenous financial crises](/publ/work1248.htm)  

    13 Mar 2025 | Working paper | Matthias Kaldorf and Matthias Rottner

*   [Geopolitics meets monetary policy: decoding their impact on cross-border bank lending](/publ/work1247.htm)  

    12 Mar 2025 | Working paper | Swapan-Kumar Pradhan, Viktors Stebunovs, Előd Takáts and Judit Temesvary

*   [BIS Quarterly Review, March 2025](/publ/qtrpdf/r_qt2503.htm)  

    11 Mar 2025 | Publication

*   [Fast payments and financial inclusion in Latin America and the Caribbean](/publ/bppdf/bispap153.htm)  

    07 Mar 2025 | Publication | José Aurazo, Cecilia Franco, Jon Frost and Jamere McIntosh

[See more on BIS research](/forum/research.htm)

### Statistics from BIS

*   [BIS residential property price statistics, Q3 2024](/statistics/pp_residential_2502.htm)  

    27 Feb 2025

*   [Statistical release: BIS international banking statistics and global liquidity indicators at end-September 2024](/statistics/rppb2501.htm)  

    30 Jan 2025

[See more statistics](/list/statistics/index.htm)

*   [

    Release calendar

    ](https://data.bis.org/release-calendar)

*   [

    FAQs

    ](/statistics/statstools/faqs.htm)

*   [

    BIS Data Portal

    ](https://data.bis.org)

Basel Committee

---------------

[](/bcbs/index.htm)The [Basel Committee on Banking Supervision](/bcbs/index.htm) aims to enhance understanding of the key supervisory issues and improve the quality of banking supervision worldwide. The [Basel III](/bcbs/basel3.htm) page summarises the Committee's post-crisis reforms.

*   [Basel Committee progresses work to strengthen supervisory effectiveness, initiates analytical work on information and communication technology risk management and synthetic risk transfers](/press/p250313.htm)  

    13 Mar 2025 | Press release

*   [Principles for the management of credit risk](/bcbs/publ/d591.htm)  

    05 Feb 2025 | Publication

*   [Governors and Heads of Supervision endorse work programme of Basel Committee](/press/p250204.htm)  

    04 Feb 2025 | Press release

*   [Streamlining variation margin processes and initial margin responsiveness of margin models in non-centrally cleared markets](/bcbs/publ/d589.htm)  

    15 Jan 2025 | Publication | BCBS

*   [Transparency and responsiveness of initial margin in centrally cleared markets - review and policy proposals](/bcbs/publ/d590.htm)  

    15 Jan 2025 | Publication | BCBS, CPMI

[More from the Basel Committee](/bcbs/publications.htm)

Other BIS committees

--------------------

*   [Acta non verba: interlinking fast payment systems to enhance cross-border payments](/cpmi/publ/brief7.htm)  

    20 Feb 2025 | Publication | CPMI

*   [Changing the clock: practical approaches to extend payment system operating hours](/cpmi/publ/brief6.htm)  

    31 Jan 2025 | Publication | CPMI

*   [2024 IFC Annual Report](/ifc/publ/ifc_ar2024.pdf)  

    16 Jan 2025 | Publication | IFC

*   [Transparency and responsiveness of initial margin in centrally cleared markets - review and policy proposals](/bcbs/publ/d590.htm)  

    15 Jan 2025 | Publication | CPMI, BCBS

*   [Streamlining variation margin in centrally cleared markets – examples of effective practices](/cpmi/publ/d226.htm)  

    15 Jan 2025 | Publication | CPMI

[More from the other committees](/stability.htm)

BIS Innovation Hub

------------------

[](/about/bisih/about.htm)The [BIS Innovation Hub](/about/bisih/about.htm) develops public goods in the technology space to support central banks and improve the functioning of the financial system. We have centres around the world and a global network of central bank experts on innovation.

### Latest project updates

*   [2025-26 work programme](/about/bisih/about.htm)  

*   [Project Spectrum: using generative AI to enhance inflation nowcasting](/about/bisih/topics/suptech_regtech/spectrum.htm)  

    Suptech and regtech

*   [Project Nexus: enabling instant cross-border payments](/about/bisih/topics/fmis/nexus.htm)  

    Next-generation FMIs

*   [Project Mandala: shaping the future of cross-border payments compliance](/about/bisih/topics/cbdc/mandala.htm)  

    CBDC

*   [Private sector partners join Project Agorá](/about/bisih/topics/fmis/agora.htm)  

    Next-generation FMIs

[More from Projects](/about/bisih/projects.htm)

### Publications & Speeches

*   [Project Rialto: improving instant cross-border payments using central bank money settlement](/publ/othp91.htm)  

    13 Feb 2025 | Interim report

*   [Project Mandala: Streamlining cross-border transaction compliance](/publ/othp87.htm)  

    28 Oct 2024 | Report

*   [Pyxtrial: monitoring the backing of stablecoins](/about/bisih/topics/suptech_regtech/pyxtrial.htm)  

    31 Jul 2024 | Report

*   [Nexus: enabling instant cross-border payments](/press/p240701.htm)  

    01 Jul 2024 | Press release

[More from Publications](/about/bisih/publ.htm)

Announcements

-------------

*   [BIS newsletter - March 2025](/press/newsletter.htm)  

    03 Mar 2025

*   [International Journal of Central Banking (IJCB), January issue](/ijcb.htm)  

    01 Jan 2025

You may be interested in

------------------------

[

**Careers at the BIS**  

Learn about what it's like to work for the BIS

](/careers/index.htm)[

**Financial Stability Institute**  

Assisting supervisors worldwide in strengthening their financial systems

](/fsi/index.htm)[

**The BIS Innovation Hub**  

Designed to support central bank collaboration on new technology

](/topic/fintech/hub.htm)

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