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Post-crisis international financial regulatory reforms: a primer

This paper reviews post-crisis financial regulatory reforms, examines how they fit together and identifies open issues. Specifically, it takes stock of the salient new features of bank and CCP international standards within a unified analytical framework.




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Dollar invoicing, global value chains, and the business cycle dynamics of international trade

Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies, and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the business cycle dynamics of international trade and its relationship with monetary policy and exchange rates.




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Covid-19 and corporate sector liquidity

The Covid-19 shock is placing enormous strains on corporates cash buffers. Corporate financial statements from 2019 suggest that 50% of firms do not have sufficient cash to cover total debt servicing costs over the coming year. Credit lines could provide firms with additional liquidity. On average undrawn credit stood around 120% of debt servicing costs at end 2019. However, access is uneven and banks may be reluctant to renew or extend them in the current environment. Sticky operating expenses result in many firms running operating losses, placing an additional burden on cash buffers. Estimates indicate that following a 10% drop in revenues, operating expenses only fall by 6% on average. Simulations suggest that if revenues fall by 25% in 2020, then closing the entire funding gap with debt would raise firm leverage by around 10 percentage points.




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Understanding the Pandemic: New Virtual Programs Announced

The National Book Festival Presents series was created to provide a book festival experience to lovers of the event on a year-round basis. Because these programs can no longer be held at the Library, we are offering a virtual multipart series, with authors who have written books about widespread diseases and the worldwide response to them.




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Best of the National Book Festival: Tracy K. Smith and Robert Hass, 2018

Our ongoing celebration of the Library of Congress National Book Festival continues with Poets Laureate Tracy K. Smith and Robert Hass discussing the making of poetry, the position of Poet Laureate and their new books, "American Journal: Fifty Poems for Our Time" (edited by Smith) and "A Little Book on Form: An Exploration into the Formal Imagination of Poetry" (Hass), on the Poetry & Prose stage at the 2018 Festival.




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Best of the National Book Festival: Annette Gordon-Reed, 2015

Our ongoing celebration of the Library of Congress National Book Festival continues with presidential scholar Annette Gordon-Reed discussing "The Hemingses of Monticello: An American Family" on the Special Programs stage at the 2015 Festival.




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For 100 Years, KitchenAid Has Been the Stand-Up Brand of Stand Mixers

Even celebrity chef Julia Child said that the sleek appliance made mixing 'marvelous'




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Designing Floating Buildings With an Eye to the Marine Species Living Underneath

A prototype deployed in San Francisco Bay imagines the underside of a floating building as an upside-down artificial reef




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How Susan Kare Designed User-Friendly Icons for the First Macintosh

The graphic designer is receiving a Lifetime Achievement Award from Cooper Hewitt for her recognizable computer icons, typefaces and graphics




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Seven Spots Where You Can See Big-Name Architecture in Small-Town America

From gas stations to public libraries, these celebrity architect-designed buildings are worth a road trip




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How New York Made Frank Lloyd Wright a Starchitect

The Wisconsin-born architect's buildings helped turn the city he once called an 'inglorious mantrap' into the center of the world




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Emerging technologies: advancing sustainability




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Enterprise Hub-online seminar: Leadership and remote working during COVID-19




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Supervisor Controlling Officer - Static Data, Auditing and Reporting

Application deadline: 17 May 2020 | Banking Settlements Centre | Location: Basel, Switzerland




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CPMI and IOSCO share authorities´ experiences in cooperation to increase FMI safety and efficiency

Press release: CPMI and IOSCO share authorities´ experiences in cooperation to increase FMI safety and efficiency, 10 December 2019




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BIS expands membership and collaboration

The BIS Board of Directors has decided to invite the central banks of Kuwait, Morocco and Vietnam to become members of the BIS. This is the first such expansion since 2011 and will take the number of members to 63.




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Central bank group to assess potential cases for central bank digital currencies

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences as they assess the potential case for central bank digital currency (CBDC) in their home jurisdictions. (Press release, 21 January 2020)




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Markets Committee calls for wider adoption of global code of conduct for foreign exchange markets

Markets Committee calls for wider adoption of global code of conduct for foreign exchange markets (Press release, 30 January 2020)




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No global real estate market despite higher price synchronisation and growing role of international investors, central banks find

No global real estate market despite higher price synchronisation and growing role of international investors, central banks find (Press release, 18 February 2020)




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BIS appoints Innovation Hub heads in Singapore and Switzerland

The Bank for International Settlements (BIS) today announced two key appointments to the BIS Innovation Hub, a new initiative designed to support central bank collaboration on new financial technology. (Press release, 19 February 2020)




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Basel Committee meets to review vulnerabilities and emerging risks, advance supervisory initiatives and promote Basel III implementation

Basel Committee Press release "Basel Committee meets to review vulnerabilities and emerging risks, advance supervisory initiatives and promote Basel III implementationl", 27 February 2020.




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Basel Committee assesses members' implementation of the Net Stable Funding Ratio and large exposures framework

Press release about Basel Committee assesses members' implementation of the Net Stable Funding Ratio and large exposures framework, 19 March 2020




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Basel Committee coordinates policy and supervisory response to Covid-19

Press release "Basel Committee coordinates policy and supervisory response to Covid-19", 20 March 2020




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Governors and Heads of Supervision announce deferral of Basel III implementation to increase operational capacity of banks and supervisors to respond to Covid-19

Press release "Governors and Heads of Supervision announce deferral of Basel III implementation to increase operational capacity of banks and supervisors to respond to Covid-19", 27 March 2020




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Basel Committee and IOSCO announce deferral of final implementation phases of the margin requirements for non-centrally cleared derivatives

BCBS Press release "Basel Committee and IOSCO announce deferral of final implementation phases of the margin requirements for non-centrally cleared derivatives", 3 April 2020




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Jurisdictions move towards full implementation of standards for financial market infrastructures

CPMI Press release "Jurisdictions move towards full implementation of standards for financial market infrastructures", 8 April 2020.




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How fintech can promote financial inclusion - a new report on the opportunities and challenges

CPMI Press release "How fintech can promote financial inclusion - a new report on the opportunities and challenges", 14 April 2020




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Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub invite global innovators to find solutions to the most pressing financial regulatory & supervisory challenges

Press release "Saudi G20 Presidency and the Bank for International Settlements (BIS) Innovation Hub invite global innovators to solve RegTech and SupTech challenges", 27 April 2020




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Basel Committee issues progress report on banks' implementation of the "Principles for effective risk data aggregation and reporting"

BCBS Press release "Basel Committee issues progress report on banks' implementation of the 'Principles for effective risk data aggregation and reporting'", 29 April 2020




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FDA grants emergency approval for first at-home saliva-based coronavirus test

Rutgers' RUCDR Infinite Biologics received an amended emergency use authorization from the FDA late Thursday for the first SARS-CoV-2 coronavirus test that will allow people to collect their own saliva at home and send to a lab for results.




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Tissue engineering can play an important role during COVID-19 pandemic

Tissue engineering has a unique set of tools and technologies for developing preventive strategies, diagnostics, and treatments that can play an important role during the ongoing COVID-19 pandemic.




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AGS honors expert and emerging professionals in geriatric care

The American Geriatrics Society annually honors researchers, clinicians, educators, and emerging health professionals who have made outstanding contributions to high-quality, person-centered care for older people.




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Our pupil can follow rhythms that arise in the environment

When we find something particularly beautiful or impressive, we literally get big eyes: Our pupils dilate. The pupil controls how much light enters the eye and falls on the retina.




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More selective elimination of leukemic and hematopoietic stem cells

Acute myeloid leukemia is an aggressive cancer of the blood-forming system. It affects the hematopoietic stem cells, or blood stem cells, of various white blood cells and of the red blood cells and platelets.




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Researchers discover new type of antigen-presenting immune cell

With a discovery that could rewrite the immunology textbooks, an international group of scientists, including the teams of Bart Lambrecht, Martin Guilliams, Hamida Hammad, and Charlotte Scott (all from the VIB-UGent Center for Inflammation Research) identified a new type of antigen-presenting immune cell.




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NIH clinical trial evaluates antiviral plus anti-inflammatory drug for COVID-19

A randomized, controlled clinical trial evaluating the safety and efficacy of a treatment regimen of the investigational antiviral remdesivir plus the anti-inflammatory drug baricitinib for coronavirus disease 2019 (COVID-19) has begun.




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Study finds nearly 40% drop in stroke evaluations during COVID-19 pandemic

The number of people evaluated for signs of stroke at U.S. hospitals has dropped by nearly 40% during the COVID-19 pandemic, according to a study led by researchers from Washington University School of Medicine in St. Louis who analyzed stroke evaluations at more than 800 hospitals across 49 states and the District of Columbia.




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Joe Biden Beat Bernie Sanders. But So Did the Pandemic.

It’s the coronavirus election now.




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Rational Panic, but Also Rational Hope

We need to recognize any signposts leading up and out.




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The Coronavirus and the Conservative Mind

The pandemic has put psychological theories of politics to a very interesting test.




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The Pandemic and the Will of God

The purpose of suffering may be mysterious, but the search for meaning is obligatory.




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21-year navy veteran among Northwood residents to die of COVID-19

The last time Charlene Chiddenton saw her father in person was on March 7 — visitor restrictions at long-term care homes during the pandemic had kept them apart — and less than two months later, she was saying goodbye to her father by video call.



  • News/Canada/Nova Scotia

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N.S. nurses' union wants debate about PPE use settled once and for all

When the province eventually conducts its review on the response to COVID-19, the president of the Nova Scotia Nurses’ Union can think of one thing in particular that needs to be discussed.



  • News/Canada/Nova Scotia

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Port of Sydney takes hit after losing more than 50 cruise visits this season

Holland America and Princess cruise lines issued notices this week cancelling the remainder of the season in Atlantic Canada, citing global health concerns, and that's taking a huge bite out of the Port of Sydney's budget.



  • News/Canada/Nova Scotia

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Maybe this is what N.S. needs? An upbeat rap video about a nursing home

Classified released a music video for his song, Good News, this week featuring a pack of kids hanging out with seniors at a continuing care home in Enfield, N.S. It was filmed before the COVID-19 outbreak in the province.



  • News/Canada/Nova Scotia

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Fishing zones closed after North Atlantic right whale sightings

A number of fishing zones in the Gulf of St. Lawrence have been closed after North Atlantic right whales were sighted earlier this week.



  • News/Canada/New Brunswick

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No pomp, under the circumstances: CBU holding online convocation

What would have been Cape Breton University's largest convocation to date is being replaced by an online offering this year because of COVID-19. Some graduating students say it just won't be the same as a traditional ceremony.



  • News/Canada/Nova Scotia

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'Always up on everything': Woman remembers sister who died from COVID-19 at Northwood

A woman who lost her sister to COVID-19 at the start of the month is thanking the staff at Northwood who took "excellent" care of her in her final days. Jean Harrigan, 90, is being remembered for her caring and lively nature.



  • News/Canada/Nova Scotia

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Police say efforts to find driver of abandoned car likely saved a life

Police say efforts to find the driver of an abandoned car in Kings County last week likely saved his life.



  • News/Canada/Nova Scotia

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Who was called to help and who was not: The police resources behind the Nova Scotia shooting

Over the 13 hours the mass shooting took place across Nova Scotia on April 18 and 19, the RCMP called in resources from New Brunswick to help. However, the two municipal police forces closest to Portapique were not asked to respond directly at any point, CBC News has learned.



  • News/Canada/Nova Scotia