News

World economy faces 'pivotal moment', central bank body BIS says
Hyun Song Shin, the BIS's main economic adviser, also flagged the sharp fall in the dollar. It is down 10% since the start of ...
BIS Rejects Stablecoin Promise, Citing Fragile Backing and Systemic Risk to the Monetary System
The Bank of International Settlements is not buying the stablecoin hype. Over the past few weeks, stablecoins have been the ...
Central bank body BIS delivers stark stablecoin warning
The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries ...
BIS says stablecoins fail as money, calls for strict limits on their role
Stablecoins are no substitute for money, says the Bank for International Settlements. The report cites major flaws in trust, ...
Trump’s Criticism of Fed’s Rate Decisions Not Necessarily a Threat to Its Independence, BIS Says
The BIS said doubts have been raised about the Trump administration’s commitment to central bank independence, but added the ...
Consumer Affairs Ministry calls for action against helmets sold without BIS certification
Department of Consumer Affairs urges consumers to use only BIS-certified helmets, enforcing strict action against ...
BIS crackdown on non-compliant helmet makers and retailers
In a move aimed to curb the sale of substandard helmets and enhance road safety, the Department of Consumer Affairs, in ...