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
Ring-Fencing for Bank Resolution and Crisis Response
Present practices are preventing the emergence of cross-border banking groups.
BPI Bank Conditions Index Shows Extremely Resilient Banking Sector
The Bank Conditions Index (BCI), which provides an analytical and concise measurement of the condition of the U.S. banking system, was roughly unchanged in the first quarter of 2018 and… Continue Reading
The Quiet Revolution of Central Banks
This issue of Banking Perspectives includes two articles on an important but generally overlooked subject: the interrelationship between bank liquidity regulation and the effectuation of monetary policy. The potential for… Continue Reading
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.
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
The Liquidity Coverage Ratio and Monetary Policy Implementation
Editor’s Note: This article is based on our research paper “Liquidity Regulation and the Implementation of Monetary Policy” and on the extended discussion in BIS Working Paper No. 432.2. It also… Continue Reading
(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
The Governance of Monetary and Financial Stability Policy
Since the financial crisis, the world’s major central banks have accumulated much more power. Is that OK? Does it fit with our democratic values? The delegation of power by legislatures… Continue Reading