Working group minutes: guarding financial independence
Dynamic capital may help but tailoring accounting frameworks to central banks is still challenging
Central banks are increasingly adopting dynamic capital frameworks as a means of protecting their financial independence, Central Banking’s latest interbank working group heard. However, attendees also noted that accounting frameworks were still difficult to tailor to the unique nature of central banking.
Several of the participants at the two sessions held on April 29 – representing 11 central banks – said their institutions had adopted dynamic capital frameworks, some in the past few years
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