BISness

Agustín Carstens outlines the ideal policy constellation for the fastest growth with the lowest inflation and issues a call to action for governments.

Claudio Borio delves into the lessons learned from the past 25 years in monetary policy, emphasizing the need for a comprehensive macro-financial stability framework. He discusses the challenges faced by central banks in communication, forecasting inflation, and using macroprudential measures for financial system stability. The podcast explores possible refinements in monetary policy frameworks for price and financial stability through considerations like robustness and nimbleness.

Hyun Song Shin discusses the benefits and challenges of AI for central banks. Topics include AI advancements in processing unstructured data, implications for the financial sector, tools for economic assessments, and AI's impact on productivity and the labor market.

Financial Stability Institute Senior Advisors Johannes Ehrentraud and Raihan Zamil discuss regulating non-bank financial intermediaries, focusing on defining NBFIs as retail lenders, challenges in regulatory frameworks, and the importance of prudential oversight for financial stability amidst evolving business practices.

BIS General Manager Agustín Carstens and Siddharth Shetty, from the Foundation for Interoperable Digital Economy, discuss a vision of multiple interconnected financial ecosystems designed to empower individuals and firms, the Finternet, at the BIS Innovation Summit 2024.

Historian and author Yuval Noah Harari discusses AI's impact on finance, emphasizing the need for human oversight. The conversation explores the historical context of technological transitions and the potential of AI in decision-making. They also discuss the implications of AI on information control, trust in money, and nation building.

Discussing the impact of AI on the economy, inflation, and consumer expectations. Exploring how Gen AI will affect job prospects, trust concerns, and disparities across demographic groups. Analyzing the implications of AI as a general purpose technology and the variations in AI tool usage and knowledge. Exploring trust levels in AI tools compared to human-operated services, with a focus on gender disparity and concerns around data privacy. Delving into the macroeconomic effects of AI, including productivity, inflation, employment, and policy implications.

Listen to Chair Pablo Hernández de Cos and Secretary General Neil Esho discuss the Basel Committee's 50-year journey, including global regulatory standards, adapting to new risks like technology and climate change. They also explore the impact of technology on banking regulation, the importance of global cooperation, and upcoming challenges like cyber risks and climate-related risks.

Cecilia Skingsley and Hyun Song Shin explain the BIS’s new project to test the tokenization of commercial and central bank money, in association with seven central banks.

Roberto Campos Neto, Governor of the Central Bank of Brazil, talks to Alexandre Tombini, Chief Representative for the BIS Office for the Americas, about past challenges for the central bank and future priorities, including instant payments and financial inclusion.