Analysing events such as the COVID pandemic that have created financial instability to banking and capital markets
Uuriintuya Batsaikhan discusses the outline plan to reduce stigma associated with short-term borrowing from the Federal Reserve, and argues that the reform package may be doing banks too many favours, and risks amplifying liquidity risk, potentially threatening more bank failures
Can US banks have it all? Liquidity in times of ample reserves Read More »
The US is planning a revision of rules on bank liquidity. Scott Bessent argues that the existing rules are ineffective and impede lending, and that the US is on the cusp of a fundamental reset in how its financial system is regulated
A reset on liquidity regulation Read More »
Capital requirements form the foundation of the regulatory framework. Michelle Bowman details her comprehensive review and what is next for bank capital requirements and Basel III
Capital rules for the real economy Read More »
Europe must not take its monetary sovereignty for granted in a world undergoing geopolitical and technological changes, says Piero Cipollone. Reducing excessive dependencies in payments and finance is key for resilience, competitiveness and economic security
Europe and monetary sovereignty Read More »
Europe is the largest external holder of US federal debt. Paola Subacchi and Paul van den Noord discuss whether Europe’s $12.6 trillion holdings of US assets can be used as leverage if relations with Washington sour
Leverage lies in marginal demand Read More »
EU member states may now exceed deficit limits if the borrowing finances defence. Paolo Surico proposes exempting innovation-related expenditure, rather than procurement, to raise long-run growth while maintaining fiscal responsibility and strategic autonomy
The EU fiscal framework undermines innovation and security Read More »
The US administration’s approach to financial markets mixes deregulatory policies with a range of other policies that are largely without precedent. Gary Gensler, Lev Menand and Joshua Younger catalogue the relevant policy shifts and consider how these shifts may impact financial stability, capital markets, and the global dollar system
The financial sector and global dollar system Read More »
The US economy has shown resilience in a context of sweeping changes in economic policy. Jerome Powell says inflation and the hiring slowdown are creating challenging conditions and that balance of risks is changing
Monetary policy and the Fed’s framework review Read More »
Periods of deregulatory zeal preceded all three of the most infamous financial meltdowns over the past century. Michael Barr sounds the alarm about the potential impact of Washington’s push to massively deregulate America’s financial sector
Booms and busts and the regulatory cycle Read More »
It is five years since Brexit. Jesper Berg, Rebecca Christie, Hans Geeroms and Francesco Papadia argue that the EU and UK should address issues with the clearing and settlement industry and letterbox firms to protect financial stability, withstand transatlantic turmoil and help their respective economies thrive
Make finance part of the EU-UK post-Brexit reset Read More »
