BIS paper flags ‘barren patches’ in post-crisis reforms

The Bank for International Settlements, Basel
The Bank for International Settlements, Basel
Photo: Ulrich Roth

Reforms since the 2008 crisis have boosted the “shock-absorbing capacity” of the financial system, but there are some “barren patches” where vulnerabilities may remain, a Bank for International Settlements paper warns.

Claudio Borio and Nikola Tarashev of the BIS, and Marc Farag of the Basel Committee on Banking Supervision, study the key global reforms since 2008 from the perspective of regulators. Studies to date have tended to focus on the cost and availability of banking services, they say

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