Central bank independence and financial stability policy

In the aftermath of the global financial crisis, countries established a new ‘macroprudential’ policy framework explicitly aimed at safeguarding the stability of the financial system as a whole. In parallel, they overhauled [...]

Central bank independence and financial stability policy2022-06-01T13:54:39+01:00

The Too-Big-to-Fail Problem and the Blockchain Solution

Ever since the Global Financial Crisis (GFC) tackling the ‘too-big-to-fail’ (TBTF) problem without having to rely on taxpayer-funded bailouts has been a regulatory priority. Consequently, complex resolution frameworks have been installed in [...]

The Too-Big-to-Fail Problem and the Blockchain Solution2022-05-17T14:33:39+01:00

How has the Financial Policy Committee’s objective changed since its inception?

In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate via the Chancellor of the [...]

How has the Financial Policy Committee’s objective changed since its inception?2021-12-09T16:52:48+00:00

The Macroprudential Approach: Policy, Supervision or Regulation?

Author: Professor Rosa M. Lastra (Sir John Lubbock Chair in Banking Law, CCLS, Queen Mary University of London) Published: 25 October 2021 The 2007-09 global financial crisis challenged many [...]

The Macroprudential Approach: Policy, Supervision or Regulation?2021-10-25T16:23:49+01:00

The US needs urgently to raise its macropru game

The US needs urgently to raise its macropru game Author: Donald Kohn Published: 15 October 2021 Implementing robust macroprudential policy—addressing threats to financial stability beyond those that were the focus [...]

The US needs urgently to raise its macropru game2021-10-21T10:16:46+01:00

No model and no loss function is not a recipe for good policy

No model and no loss function is not a recipe for good macroprudential policy Author: Richard Barwell Published: 27 September 2021 There is a problem with macroprudential policy. The two [...]

No model and no loss function is not a recipe for good policy2021-09-27T14:23:52+01:00

Macroprudential policy as part of a broader financial stability regime: does it exist, what should it be?

Macroprudential policy as part of a broader financial stability regime: does it exist, what should it be? Author: Sir Paul Tucker Published: 13 September 2021 Macroprudential policy is (supposedly) [...]

Macroprudential policy as part of a broader financial stability regime: does it exist, what should it be?2021-09-28T15:17:29+01:00
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