Post by Bank for International Settlements – BIS

We were pleased to take part in last week’s Spring Meetings of the International Monetary Fund and the The World Bank Group in Washington, DC and associated events, engaging in meaningful discussions on the global economy, innovation and financial stability. During the week, General Manager Pablo Hernández de Cos participated in a panel discussion on the future of stablecoins, along with Financial Stability Board chair Andrew Bailey and IMF First Deputy Managing Director Dan Katz, during the Institute of International Finance Global Outlook Forum. He discussed the implications of stablecoins for financial stability, monetary policy, and their potential role within the existing monetary system. On the sidelines of the meetings, Deputy General Manager Andrea M Maechler and BIS Innovation Hub Head Tommaso Mancini Griffoli also met Mr Katz to discuss recent economic and financial market developments. Financial Stability Institute Chair Fernando Restoy Lozano and Gaston Gelos, Deputy Head of the Monetary and Economic Department and Head of Financial Stability Policy, spoke at events on private credit, regulation and supervision hosted by Starling Trust, the IIF and the Bank of America. Meanwhile, at a Semafor World Economy panel, Basel Committee Chair Erik Thedéen discussed financial stability and the importance of international banking regulation. Rounding out the week, Alexandre Tombini, Chief Representative for the Americas, participated in an event on the global financial landscape organised by Foreign Policy. In his remarks, he emphasised the importance of continuously strengthening macro-financial policy frameworks in emerging market economies to safeguard monetary and financial stability. The meetings also offered valuable opportunities to exchange ideas with central bankers and colleagues at other international financial institutions.