CentralBanking.com (CB): You have mentioned that there had been something of a backlash against common, global standards, for countries to take a more national approach with respect to prudential regulation. How would you stress to global leaders the importance of the Basel Committee in setting global standards?
Peter Praet (PP): Before the crisis there was a trend on the part of institutions and regulators to look at liquidity risk management in a centralised way; i.e., from the point of view o
- Haldane: ‘superforecasters’ could help central banks
- Trump nominates former Fed economist for board role
- PBoC launches first phase of blockchain trade financing platform
- RBNZ looking to make balance sheet ‘more resilient’ – Perry
- Demetriades on political pressures on central banks and their governors