The current thinking on macro-prudential policy is fixated with capital and the measurement of individual risks, rather than focusing on managing risk in the system, Avinash Persaud, a senior fellow at the Peterson Institute, writes in the latest issue of Central Banking journal.
"The global financial crisis settled the debate on the need for a macro-prudential dimension to regulatory policy, but it may have done so ahead of there being common ground on what exactly is systemic risk and how best
- Banknote and currency manager of the year: Norges Bank
- Lifetime achievement award: Perng Fai-nan
- Initiative of the year: Bank of England’s FinTech Accelerator
- Consultancy and advisory provider of the year (data and regulatory management): BearingPoint
- Banknote and currency services provider of the year: Landqart