Bolivia’s Tellería on central banks and regulation

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Gabriel Loza Tellería, the acting president of the Central Bank of Bolivia, on 29 September said central banks should have a role in prudential regulation.

Speaking at an event in La Paz, Tellería said: "In times of crisis, central banks tend to react quickly, either because they have a mandate or because they are lenders of last resort: central banks are usually the first to try to extinguish the fire." Although there is an institutional separation between the central bank and the Financial

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