In this speech, Alastair Clark, Adviser to the Governor of the Bank of England, discusses Basel II capital requirements and the cyclicality of credit conditions, the role of bank capital requirements in the face of greatly increased credit risk transfer and the importance of liquidity alongside...

"Financial stability issues have attracted increasing attention as the global financial system has become more complex and more integrated. This article discusses some challenges posed by this environment for financial stability policy-makers. The challenges identified are: how to assess the...

Financial stability issues have attracted increasing attention as the global financial system has become more complex and more integrated. This article discusses some challenges posed by this environment for financial stability policy-makers. The challenges identified are: how to assess the...