The relationship between bank liquidity regulation and monetary policy is often overlooked. This issue takes a look at bank regulation's impact on monetary policy and how it has constrained the ability of central banks to respond in times of financial market shocks and stress on the banking system.
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
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
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
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
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
Note: Rob Ceske is a principal, Kelly Combs and Nadim Hraibi are managers, and Jamie Hooten is an associate at KPMG LLP. The authors would like to gratefully acknowledge Junghoon Woo,… Continue Reading
Note: The views expressed herein are those of the author only and may not reflect the views of BNY Mellon. This does not constitute treasury services advice, or any other… Continue Reading
Early in 2016, the first reports of a historic theft began to surface in the press. Sounding more like the storyline of a James Bond movie than the mundane world… Continue Reading
In November 2017, The Clearing House launched the first completely real-time payments system in the U.S. and the most modern payments system in the world. On that date, the first… Continue Reading
The Clearing House Bank Conditions Index (TCHBCI) declined slightly in the fourth quarter of 2017 but continues to show an extremely resilient banking system, reflecting in large part the very… Continue Reading
Liquidity and Lending FRBNY Staff Report: The Mortgage Rate Conundrum (Justiniano, Primiceri & Tambalotti) This report analyzes the evolution of a gap between mortgage and Treasury interest rates in the… Continue Reading
