Trump strongly rejects international cooperation. Round 2 is underway.
The U.N. and other organizations expect a second round of reduced U.S. support and engagement with Trump's return.
Bank for International Settlements (BIS)
As the world's oldest international financial institution, Basel, Switzerland-based BIS was founded in 1930 to increase cooperation among central banks and other government agencies working to create financial and monetary stability. It had a key role in reparation payments imposed on Germany following the World War I. It does not supervise or regulate banks, and its banking services are exclusively for central banks and international financial institutions.
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Central bankers urge tax raises or spending cuts to tackle infation
The Bank for International Settlements' general manager said the key policy challenge remains fully taming inflation.
Swiss devise US$3.25B deal for UBS to aquire 'too big to fail' Credit Suisse
The Financial Stability Board designated Switzerland's two biggest banks as so huge and critical to the world's global financial architecture that they must not be allowed to fail.
BIS focuses on 'restoring low inflation'
Central bankers face "difficult choices" as they grapple with raising rates to tame inflationary pressures that probably won't ease anytime soon.
BIS says future is digital currency, not crypto
The global financial institution that supports central banks has a new blueprint for the world's monetary system, and it's not crypto-based.
Europe leads on ESG as global rules sought
The rise of ESG investing creates an "urgent demand for global standards," says an organization working on them as the next U.N. climate summit nears.
Envoy says 126 nations seek carbon neutrality
The top U.N. official for global climate action said 65% of the world body's 193 member nations will seek net zero carbon emissions by 2050.
G-7 pledges to fight new coronavirus risks
G-7 finance chiefs vowed to safeguard their economies from the coronavirus outbreak, but did not offer specifics about what they might be prepared to do.
IMF predicts hit to global GDP from tariffs
The IMF said tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020 and cause more losses later.
Central bankers worried about the risks of trade wars and cheap money
The global bank for central banks said U.S. and European stimulus measures won't provide "sustainable momentum."
Global financial regulator presses for more U.S. engagement
The Financial Stability Board monitors and recommends ways of strengthening the world's financial architecture.