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

Response to ‘Improving the accountability of the Financial Policy Committee’

Donald Kohn writes a response to the annex sent to the Treasury Select Committee from David Aikman on the topic of FPC accountability and specifically how to quantify its financial stability objective. [...]

Response to ‘Improving the accountability of the Financial Policy Committee’2022-03-14T17:02:55+00:00

Improving the accountability of the Financial Policy Committee

This article publishes the annex to a letter sent to the Treasury Select Committee from David Aikman on the topic of FPC accountability and specifically how to quantify its financial stability objective. [...]

Improving the accountability of the Financial Policy Committee2022-03-14T17:03:38+00:00

Macroprudential policy and its interaction with conduct of business regulation

Macroprudential policymakers are very conscious of the political legitimacy issue. Consequently, there is a risk that they may shy-away from employing macroprudential tools that may be seen as being too effective. This [...]

Macroprudential policy and its interaction with conduct of business regulation2022-01-25T14:18:20+00:00

Reactions to the Bank of England’s December 2021 Financial Stability Report

Forensic scrutiny of the decisions taken by policymakers and the analysis that underpins them is an essential component of a healthy public policy regime, particularly one where power has been delegated from [...]

Reactions to the Bank of England’s December 2021 Financial Stability Report, 2022-03-07T13:02:46+00:00

Is Basel Faulty? Bank Regulation Is Still Built on Shaky Foundations

In the wake of the 2008-2009 financial crisis, financial institutions in general, and banks in particular, have faced a heightened regulatory scrutiny, a more muscular and intrusive style of supervision, and substantially [...]

Is Basel Faulty? Bank Regulation Is Still Built on Shaky Foundations2021-12-17T11:19:10+00:00

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
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