Basel working group calls for 'explicit' financial stability mandate


Explicit and clear financial stability mandates will reduce the risk of boundary disputes and provide central banks with sufficient clout to respond to systemic risks, a report by the Central Bank Governance Group has said.

The 83-page report, published on Tuesday by the Bank for International Settlements and produced by a study group of central bankers chaired by Stefan Ingves, the governor of the Riksbank, examines the new and enhanced financial stability role at central banks and addresses a

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