Capital markets

The financial system remains fragile. Stephen Cecchetti and Kermit Schoenholtz recommend strengthening capital and liquidity requirements, modifying accounting standards, and improving stress tests

Streamlining of the company listing process is welcome, but more fundamental reform is needed to revive the EU’s flagging equity markets, Alexander Lehmann discusses

Francesco Papadia says regaining price stability is difficult but doable, but the bigger problem facing central banks is economic uncertainty, not managing the trilemma

Anat Admati, Martin Hellwig and Richard Portes argue that US authorities should acknowledge the evident banking crisis and suggests reforms to address the underlying solvency problems

The Commission’s Crisis Management and Deposit Insurance proposal has the potential to improve bank resolution in the European Union, Mathias Dewatripont, Peter Praet and André Sapir suggest