BIS国际清算银行-Annual-Report-2019_20_206页_10mb

BIS Annual Report 2019/20 Summary

Core Content

The Bank for International Settlements (BIS) Annual Report for 2019/20 highlights its ongoing commitment to promoting global monetary and financial stability through innovation, research, and international cooperation. The report outlines the Bank's response to the challenges posed by the coronavirus pandemic, which has impacted the global economy and financial system in multiple ways. Despite the difficulties, the BIS has maintained its operations and continued to develop new services and technologies to support its member central banks.

Main Views

• Innovation BIS 2025 Strategy: The BIS has been implementing its medium-term strategy to build a more innovative and resilient institution. This strategy includes the establishment of the BIS Innovation Hub, which operates in Switzerland, Singapore, and Hong Kong SAR.

• Crisis Response: Central banks intervened on an unprecedented scale to maintain financial market liquidity and stability during the pandemic. The BIS played a crucial role in supporting these efforts through research, analysis, and policy discussions.

• Global Outreach: The BIS has expanded its global presence and engagement, especially in the context of the pandemic. Virtual meetings have replaced physical ones, and the Bank has increased its interactions with central banks and regulatory bodies worldwide.

• Financial Performance: The BIS reported a net profit of SDR 165.5 million, a decrease of SDR 295 million from the previous year. However, its total comprehensive income more than doubled to SDR 1.6 billion, driven by gains in gold prices and falling bond yields.

• Research and Publications: The BIS has continued to publish research and analysis on key topics, including the impact of the pandemic on financial markets and monetary policy. It also launched the BIS Bulletin to provide timely insights.

Key Information

Financial Highlights

• Total Deposits (SDR): 250.2 billion in currency, 15.2 billion in gold
• Net Profit (SDR): 165.5 million
• Total Comprehensive Income (SDR): 1,602.8 million
• Operating Expenses (SDR): 340.8 million
• Bank Capital (SDR): 21.6 billion
• Balance Sheet (SDR): 308.5 billion

Staff and Recruitment

• Annual Recruitment: 128 staff members (internal and external)
• Graduate Programme: 13 participants
• Secondees and Fellows: 34
• Gender Distribution: 45% female, 55% male

Meetings and Events

• High-Level Meetings: 148 in Basel, 69 globally
• Participants: 6,920 in Basel, 2,692 globally
• Research Seminars: 126 speakers (31 internal, 95 external)

Publications and Downloads

• Annual Report: 20,000 downloads
• Annual Economic Report: 31,000 downloads
• Quarterly Review: 46,000 downloads

BIS Global Presence

• Dealing Rooms: 3 locations (Mexico City, Basel, Hong Kong SAR)
• Representative Offices: 2 locations (Mexico City and Hong Kong SAR)
• Innovation Hub Centres: 3 locations (Switzerland, Singapore, Hong Kong SAR)

Strategic Initiatives

• Innovation BIS 2025: The strategy focuses on building a more agile and innovative BIS by investing in new technologies and enhancing digital workplace capabilities.
• Cyber Resilience Coordination Centre: Supports central banks in improving their cyber resilience through training, exercises, and frameworks.
• Financial Stability Institute: Aids supervisory authorities in addressing challenges and opportunities related to fintech and suptech.
• Enhanced FX Services: The BIS expanded its FX services, including a new dealing room in the Americas Office, to provide 24/7 support for central banks.

Historical Context

• 90th Anniversary: The BIS commemorated its 90th anniversary in 2020, reflecting on its role in promoting global monetary and financial stability.
• Evolution of the BIS: The Bank has grown from an initially European-focused institution to a truly global one, with 62 member central banks as of May 2020.
• Key Milestones:
  • Founded on 30 January 1930 by the Hague Conference.
  • Opened its doors in Basel on 17 May 1930.
  • Moved into the iconic Tower in 1977.
  • Expanded its presence with the establishment of Representative Offices in Mexico City and Hong Kong SAR.

Research Focus

• Monetary Policy Frameworks: The pandemic has tested the resilience of monetary policy frameworks, especially in emerging market economies (EMEs), which faced severe capital outflows, exchange rate fluctuations, and rising bond premia.
• Technological Innovation: The BIS has been actively exploring the implications of fintech, regtech, and suptech on central banking and the financial sector.
• Digital Transformation: The Bank has expanded its analysis of digital innovation, including the impact of cryptocurrencies and central bank digital currencies (CBDCs).

Conclusion

The BIS remains a vital global forum for central banks, promoting cooperation and innovation in the face of unprecedented challenges. As the world continues to navigate the aftermath of the pandemic, the BIS is positioned to support its members with cutting-edge research, improved services, and a more resilient and adaptable organisational structure.