Capitalis: Journal of Economic Stability, Banking, and Investment
Vol. 1 No. 1 (2026): March: Capitalis: Journal of Economic Stability, Banking, and Investment

Investment Governance and Financial Market Integrity: A Policy Evaluation Based on IMF and BIS Reports

Imam Syafi'i (Universitas PGRI Adi Buana PSDKU Kampus Lamongan)
Jenny Yudha Utama (Universitas Islam Majapahit)
Deo Renaldi Saputra (Universitas Negeri Semarang)



Article Info

Publish Date
05 Mar 2026

Abstract

This study evaluates the evolution of investment governance and its implications for financial market integrity through a structured policy analysis of International Monetary Fund (IMF) and Bank for International Settlements (BIS) reports issued between 2015 and 2025. Employing a mixed qualitative–quantitative content analysis, the research constructs comparative governance indicators capturing prudential orientation, digital finance regulation, artificial intelligence integration, and sustainability risk supervision. The findings reveal a structural shift in global regulatory discourse from stability-centered post-crisis consolidation toward an integrated framework that incorporates crypto-asset oversight, algorithmic supervision, and climate-related financial risk management. While the IMF prioritizes macro-financial surveillance and systemic resilience, the BIS advances granular supervisory standards and technical implementation mechanisms. The results indicate increasing convergence in strategic objectives alongside differentiated institutional pathways. Financial market integrity emerges as a multidimensional governance outcome shaped by transparency regimes, risk quantification tools, and cross-border coordination. The study contributes a novel comparative index-based evaluation framework and advances theoretical understanding of how global economic governance adapts to technological disruption and sustainability transition pressure.

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Journal Info

Abbrev

capitalis

Publisher

Subject

Description

Capitalis: Journal of Economic Stability, Banking, and Investment is a peer-reviewed academic journal dedicated to publishing high-quality scholarly work in the fields of economics, banking, finance, and investment studies. The journal serves as an international platform for researchers, financial ...