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

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
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