The Basel Committee's Research Task Force Transmission Channel project aimed at generating new research on various aspects of the credit channel linkages in the monetary transmission mechanism. Under the credit channel view, financial intermediaries play a critical role in the allocation of...

Weaknesses at large financial institutions have often played a central role in the triggering and propagation of systemic financial crises. The 2007-09 financial crisis was only the most recent example. Since the crisis, authorities worldwide have sought ways to strengthen regulation and...

The Macroeconomic Assessment Group (MAG) was established in February 2010 by the chairs of the Financial Stability Board and Basel Committee on Banking Supervision to coordinate an assessment of the macroeconomic implications of the Basel Committee's proposed reforms. The membership of the MAG...