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A sufficient and appropriate degree of central bank independence is widely acknowledged to be necessary for the goal of achieving price stability. However, despite the levels of independence claimed to be enjoyed by several central banks, recent events indicate shifts in focus of monetary policy...
Persistent link: https://www.econbiz.de/10011257824
Rescue cases involving guarantees (contrasted with restructuring cases) during the recent Financial Crisis, have illustrated the prominent position which the goal of promoting financial stability has assumed over that of the prevention or limitation of possible distortions of competition which...
Persistent link: https://www.econbiz.de/10008693548
could become overly dependent on monetary policy and liquidity sustenance measures provided during deteriorating financial …
Persistent link: https://www.econbiz.de/10008740556
Whilst some valid and justified arguments have been put forward in favour of ring fencing, that is, constructing a fire-wall between consumer and investment banks, and that such activities can be achieved without re structuring banks into separate legal entities, the Liikanen Report highlights...
Persistent link: https://www.econbiz.de/10011259246
In October 2010, having drawn crucial lessons fom the Financial Crisis which was triggered in 2007, and whose impact was still evident at the time, the Financial Stability Board Recommendations on systemically important financial institutions „called for an assessment, on the basis of the BCBS...
Persistent link: https://www.econbiz.de/10009323446
This paper considers developments which have necessitated greater involvement and a greater role for the central bank in financial regulation and supervision. The aftermath of the 2007/08 financial crisis has witnessed the enactment of legislation such as the Banking Act of 2009 which has not...
Persistent link: https://www.econbiz.de/10009323454
liquidity problems. The engagement of market participants in the corporate reporting process, a process which would consequently … increased prominence and importance of liquidity risks - as revealed by the recent financial crisis, and proposals which have …
Persistent link: https://www.econbiz.de/10008543531
point when other measures such as winding down measures and the provision of other forms of liquidity assistance could be …
Persistent link: https://www.econbiz.de/10008550562
This paper consolidates the work of its predecessor, “International Framework for Liquidity Risk Measurement, Standards … essential if risks,(and in particular liquidity risks which are attributed to a bank), are to be managed and measured … only in relation to liquidity risks, but also to the rise of conglomerates and consolidated undertakings. It highlights …
Persistent link: https://www.econbiz.de/10008470455
The Basel Committee’s recent consultative document on the “Proposal to Ensure the Loss Absorbency of Regulatory Capital at the Point of Non Viability” sets out a proposal aimed at “enhancing the entry criteria of regulatory capital to ensure that all regulatory capital instruments issued...
Persistent link: https://www.econbiz.de/10008534207