New rules proposed by European Commission will enhance benchmark robustness, curb manipulation and clarify supervision responsibilities.

Claudio Borio is appointed as Head of Monetary and Economic Department, and Hyun Song Shin as Economic Adviser and Head of Research by BIS Board.

G20 endorse initiative to encourage flow of institutional investment towards longer-term assets in order to strengthen the global economy.

BIS and IOSCO release final framework for margin requirements for non-centrally cleared derivatives, designed to reduce system risks.