<p>General Manager Pablo Hernández de Cos on the 2026 Annual Economic Report: AI's risks, leveraged hedge funds in sovereigns, the fiscal-financial stability nexus and policy priorities.</p>

General Manager Pablo Hernández de Cos on the 2026 Annual Economic Report: AI's risks, leveraged hedge funds in sovereigns, the fiscal-financial stability nexus and policy priorities.

Progress and peril

Experts from the Bank for International Settlements (BIS) explain their work and discuss current issues for the global economy. As a hub for central banks and other financial regulatory and supervisory authorities, the BIS seeks to build a greater collective understanding of the world economy, foster international cooperation and support policy making.

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Progress and peril

Progress and peril

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