EDITOR’S NOTE: This article is excerpted from a paper of the same title, published in Brookings Papers on Economic Activity in Sept. 2017. IN THE WAKE of the global financial… Continue Reading
November 25, 2018
October 5, 2018
Ring-Fencing: Escape from the Prisoner’s Dilemma
#1: The big Implications of sPOE and MPOE Resolution Structures The development of resolution frameworks has revolutionized (or should revolutionize) many aspects of bank regulation. If the core purpose of… Continue Reading
October 4, 2018
Do Good Ring Fences Make Good Neighbors?
The tenth anniversary of the 2008 financial crisis marks an appropriate time to review the cumulative impact of the legislative and regulatory responses. Do these responses continue to strike the… Continue Reading
October 4, 2018
Ring-Fencing’s Global Impact
When THE BASEL III FRAMEWORK was finalized in December 2017, it represented an important milestone for the post-crisis movement to reform and strengthen financial regulation. Yet, in parallel with these… Continue Reading
October 4, 2018
Ring-Fencing for Bank Resolution and Crisis Response
Present practices are preventing the emergence of cross-border banking groups.
September 29, 2018
On the Resiliency of U.S. Operations of Foreign Banks
U.S.-based operations of foreign banks, which are resilient and well positioned to weather the next significant economic downturn, also play a key role in the economy by providing an important source of funding for U.S. businesses.
June 4, 2018
HSBC’s Patrick Burke On Global Regulatory Harmonization, Tax Cuts, and More
Patrick Burke, President and CEO of HSBC North America Holdings, discusses the impact of bank regulatory reform and the 2018 tax cuts on the U.S. economy, global regulatory harmonization, and… Continue Reading
June 4, 2018
Regulatory Change and Monetary Policy
What kind of impact have the Basel III post-crisis bank regulations had on monetary policy? That’s the question that a working group formed by the Committee on the Global Financial… Continue Reading
June 4, 2018
Calibrating Capital
(Note: The author is a partner in the Financial Services Risk Practice at Ernst & Young and chairs the firm’s Global Regulatory Network. The paper represents the author’s personal views,… Continue Reading