Progress and peril

Frank Smets and Gaston Gelos summarise the September 2026 BIS Quarterly Review and answer journalists' questions about market developments, the state of the global economy and fiscal policy.

Pablo Hernández de Cos, Andréa M Maechler and Frank Smets brief the media on the main messages of the Annual Economic Report. Read more: https://bis.org/publ/arpdf/ar2026e.htm

General Manager Pablo Hernández de Cos on the 2026 Annual Economic Report: AI's risks, leveraged hedge funds in sovereigns, the fiscal-financial stability nexus and policy priorities.

Frank Smets and Gaston Gelos brief the media on the main messages of Chapter III of the Annual Economic Report. Read more: https://www.bis.org/publ/arpdf/ar2026e3.htm

Frank Smets and Gaston Gelos discuss how digital innovation can be harnessed to modernise the financial system, as long as trust in money is preserved. Read more: https://bis.org/publ/arpdf/ar2026e3.htm

Hyun Song Shin summarises the March 2026 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers journalists' questions about market developments, the state of the global economy and fiscal policy.

Hyun Song Shin summarises the December 2025 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers journalists' questions about market developments, the state of the global economy and fiscal policy.

Our latest BISness podcast analyses the 2025 Triennial Survey on FX and interest rate derivatives markets. Hyun Song Shin, Andreas Schrimpf and Goetz von Peter discuss market shifts and the implications for the global financial system.

Morten Bech and Jon Frost explain the concept of tokenisation and how it can improve the international financial system.

Gaston Gelos and Frank Parker explain how the life insurance industry has undergone a profound structural transformation since the Great Financial Crisis, amid a prolonged period of exceptionally low interest rates and evolving regulatory frameworks.