Bank for International Settlements

Conversation with Paul Rowady, Director of Research, Alphacution Research Conservatory

What is Alphacution?

Alphacution is the first digitally-oriented research and strategic advisory platform focused on developing a centralized "market intelligence asset" by modeling, measuring, and benchmarking technology spending patterns, and the operational impacts of those investment decisions. The Alphacution platform is specifically designed to deliver an empirical and quantitatively-backed perspective on the effect of financial services industry spending for an institutional client network.

Introduction

The oldest multi-governmental financial institution, the Basel-based Bank for International Settlements, publishes one of the most authoritative overviews of the financial system’s state of play in the form of its annual report. This year’s report was published in late June. Although the banking system remains central to its work, in view of the intertwining of bank and capital markets financing and trading, for some decades now the two components have grown ever more inseparable. Both now figure at length in the report.

Every June, the Bank for International Settlements (‘BIS’) publishes one of the most influential texts for finance, its annual report. It covers the bank’s own activities, to be sure; but critically for all other actors, it sets forth the content and direction of high-level, central bank thinking on their plans.

This year, two elements were pre-published, which is unusual. This may indicate a particular need felt to inform the market on both progress and planning for macroprudential regulation, mainly of banks, but not only; and to comment also on the crypto-currencies vogue, and the problems arising from them – not least environmental given the need for enormous computing power required of distributed ledgers.

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