Macro-prudential policy
Colombia central bank co-director discusses crisis
Carlos Gustavo Cano considers causes of financial crisis; emphasises importance of using macro-prudential tools to prevent asset bubbles and calm investors
Bangladesh bank governor discusses macro-prudential reforms
Atiur Rahman gives overview of progress in Bangladesh and says reforms are progressing well in South Asian Association for Regional Cooperation region
Designing a new global financial architecture
Developing a financial architecture for the future requires substantial thought about international capital flows and the role of institutional investors. By Bernd Braasch
System risk lessons from FX loans in Central and Eastern Europe
The build-up of forex loans in the CEE presented a systemic challenge to the region's financial stability. Piotr J Szpunar argues this points to a need for macro-prudential rules in Europe
Collateral eligibility: the ultimate macro-prudential policy weapon?
The most potent policy weapon at the disposal of central banks when it comes to fulfilling macro-prudential supervision are asset eligibility rules, says William Allen
RBI advisory committee strikes note of concern
Minutes from Reserve Bank of India Technical Advisory Committee on Monetary Policy meeting show fears over global and domestic economic challenges
Central Bank of Ireland’s McMahon lands at UK accountancy firm
Former head of financial institutions at Central Bank of Ireland appointed global head of bank regulation and restructuring at accountancy firm, Mazars
Reserve Bank of New Zealand to release latest Basel III proposals
Deputy governor of Reserve Bank of New Zealand says central bank will shortly submit its latest Basel III proposals; continuing fears over global economy highlighted in Financial Stability Report
New deputy governor notes increasing Swedish economic dependency
Kerstin af Jochnick describes points of importance relating to monetary policy and financial stability; highlights growing dependency of Sweden on events abroad
BIS paper examines potential substitute monetary policy tools
Bank for International Settlements working paper discusses potential for interest rate and capital adequacy requirement tools to contribute to financial stability
IMF research discusses bank capitalisation as a signal
International Monetary Fund working paper discusses bank capitalisation levels as market signals and the role of supervisory authorities
BoE’s Tucker calls for international co-operation on bank resolution
Deputy governor of the Bank of England highlights challenges for policy-makers in setting up international resolution regimes and calls for cross-border vetting of resolution mechanisms
Bank of Lithuania names Rūta Rodzko director of economics and financial stability
Restructuring at Bank of Lithuania sees Rūta Rodzko appointed to lead new economics and financial stability service
Reserve Bank of New Zealand’s Spencer outlines macro-prudential initiatives
New Zealand central bank deputy governor outlines macro-prudential policy initiatives and says the reserve bank expects to take the lead on implementation
IMF research highlights benefits of dynamic loan-loss provisioning
International Monetary Fund working paper advocates dynamic approach to loan-loss provisioning to smooth costs over the credit cycle
King admits BoE should have done more to prevent banking crisis
Bank of England governor says central bank should have done more to prevent crisis despite its limited powers to act; says new resolution mechanism will not work for global banks
Dallas Fed chief calls for taxes on 'too-big-to-fail' financial institutions
Dallas Fed's Richard Fisher calls for more action on 'too-big-to-fail' entities; says new taxes should be introduced to encourage institutions to shrink balance sheets
Constâncio calls for euro-wide database of repo trades
European Central Bank vice-president calls for database of repo trades as part of new regulatory framework for shadow banking sector
Central Bank of Ireland governor wants 'intrusive' regulation
Patrick Honohan says regulatory system in Ireland is now ‘obtrusive and intrusive’ rather than 'light touch'
BoE’s Tucker sets out plan to tackle shadow banking
Paul Tucker lays out ‘possible policy agenda’ for tackling shadow banking; warns against limiting sector altogether
IMF research discusses 'sub-optimal' nature of non-independent central banks
International Monetary Fund working paper finds the independence of central banks is crucial to the delivery of socially optimum outcomes
Bundesbank research finds 'room for improvement' in Basel approach to tail risk
Deutsche Bundesbank discussion paper finds Basel model dealing with tail risk in the banking sector could be improved
Haldane says macro-prudential tools needed to prevent earnings 'arms race'
Bank of England's Andrew Haldane describes the tools macro-prudential policy makers need to prevent future crises; says banks engaged in a ROE and earnings ‘arms race’
IMF working paper finds dual-mandate central banks cannot meet social optimal level
International Monetary Fund working paper finds central banks that have both a price and financial stability mandate cannot achieve both to the social optimal level