Analysing events such as the COVID pandemic that have created financial instability to banking and capital markets
Over recent years private credit has become an important source of funding for some corporates. Lee Foulger sets out the FPC’s approach to assessing financial stability risks, and where non-banks and in particular private credit markets fit within it
Non-bank risks, financial stability and the role of private credit Read More »
Michelle Bowman considers the proposed Basel III reforms, and sees a path forward if the proposal was revised to address its two greatest shortcomings: over-calibration and a lack of regulatory tailoring
The path forward for bank capital reform Read More »
Unremunerated reserves in the Eurosystem. Robert McCauley and Julien Pinter argue that imposing unremunerated reserves on euro area banks would likely push bank intermediation offshore out of the euro area
Tax incidence and deposit relocation risks Read More »
Unremunerated reserves in the Eurosystem. Robert McCauley and Julien Pinter argue that turning huge remunerated excess bank reserves into zero-yielding required reserves is a tax on banks
Unremunerated reserves in the Eurosystem: heads I win, tails you lose Read More »
The use of artificial intelligence is accelerating. Jon Danielsson argues that although AI will bring considerable benefits, it also raises new challenges and can even destabilise the financial system
Artificial intelligence and financial stability Read More »
The financial system remains fragile. Stephen Cecchetti and Kermit Schoenholtz recommend strengthening capital and liquidity requirements, modifying accounting standards, and improving stress tests
Strengthening requirements to make banks safe Read More »
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
The Listing Act: no more than a minor boost to EU equity markets Read More »
Francesco Papadia says regaining price stability is difficult but doable, but the bigger problem facing central banks is economic uncertainty, not managing the trilemma
Economic uncertainty creating difficulty for central banks Read More »
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
When will they ever learn? The US banking crisis of 2023 Read More »
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
Improving banking resolution in the EU Read More »
