BIS’s Caruana says central banks have pivotal role in regulation
Jaime Caruana, the general manager of the Bank for International Settlements, on Sunday said central banks would be key to the implementation of new recommendations proposed in a G30 working group report on macroprudential policy.
Speaking at the press launch of the report entitled "Enhancing financial stability and resilience: macroprudential policy, tools and systems for the future", Caruana said the recommendations provided strong support for ongoing reform initiatives, including the recently
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