The BIS, the central bank’s central bank, is renowned for its warnings about the global financial system.
Claudio Borio, head of the Bank of International Settlements (BIS) BIS’ Monetary and Economic Department spells out the dangers: “Since the early 1980s … Read the rest
The Bank for International Settlements was one of the few institutions to accurately predict the 2008 financial crisis and is very concerned policymakers are making the same mistakes today.
ON Thursday, August 9, it will be ten years since a … Read the rest
OCTOBER will mark the 30th anniversary of the 1987 financial crash. It is already nine years after the slump of 2008 and this July marks the 20th anniversary of the Asian financial crisis.
In memory of those bleak times, expect … Read the rest
HEDGE funds are losing much of their lustre, proving as vulnerable as their conventional counterparts to the global downturn.
The vast majority of hedge funds lost money in 2011 despite the sales spin that they are good alternative investments during … Read the rest