BIS’s Caruana calls for rule-based approach
Macroprudential regulation and supervision should be implemented through a rule-based approach, said Jaime Caruana, the general manager of the Bank for International Settlements.
Caruana said that relying as much as possible on automatic stabilisers would help the authorities to take restraining measures in good times. He also said that in the future, the financial system would be smaller and more adequately capitalised. Return on equity would be lower but more durable. Systemically significant
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