Key lessons from 15 years of macro-prudential policy
Pedro Duarte Neves reviews how macro-prudential tools can be used for maximum effect
A seminal report by The de Larosière Group, dated February 25, 2009, identified the need for an adequate macro-prudential supervision framework as one of the most relevant lessons to be drawn from the Global Financial Crisis. It is remarkable that, at that time, the report identified so accurately that “to be effective, macro-prudential supervision must encompass all sectors of finance and not be confined to banks, as well as the wider macroeconomic context”.
Immediately after, most advanced
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Macro-prudential
ECB calls for new macro-pru approach to address cyber risks
Stress-testing should combine top-down and bottom-up elements, latest bulletin says
ESRB views US financial deregulation ‘with concern’
Vice-chair Olli Rehn announces new communication drive as “memory of last financial crisis fades”
Quantum computing could help with prudential policies – study
Bank of Italy paper says technology could help central banks simulate stress scenarios for lenders
Eurozone needs ‘exceptional mechanism’ to resolve banks – BdF
Bloc is ready to resolve most challenges but still needs liquidity mechanism for larger lenders
Basel Committee to build ‘day-to-day’ supervision toolkit
“Suite of practical tools” will draw on lessons learned from 2023’s banking turmoil
ECB vice-president warns of US AI bubble
Now is not the time to deregulate banks, says Luis de Guindos
Finma to revise UBS’s recovery and emergency plans
Swiss regulator suspends annual plan approval because of “obstacles” created by Credit Suisse merger
Opposing Basel III is ‘short-term thinking’ – DNB’s Klaas Knot
Lenders should not ask governments to water down proposals, says Dutch central bank governor