"Systemic risk" now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

"Systemic risk" now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...

This article recaps a conference on monetary and financial law held at the Bank of England. It reflects on international regulatory reform, the institutional structure of international monetary and financial law, resolution, and alternative currencies, payment systems and finance providers

It is well known that quantitative credit restrictions, rather than Bagehot-style ‘free lending' constituted the standard response to financial crises in the early days of central banking. But why did central banks in the past frequently restrict the supply of loans during financial crises? In...

This article introduces a special issue of the Journal of Banking Regulation dedicated to data. The special issue is based on papers from a seminar held at the Bank of England in January 2013. In this article I examine the shift to increasingly micro-level data sets in the analysis done by...