In November 2008, while the world financial crisis was still evolving, the European Commission tasked a High Level Group chaired by Mr. Jacques de Larosière with proposing a new financial supervision architecture for European financial markets. The High Level Group published its report (the...

One of the key features of regulatory-supervisory reform thinking post 2006-2007 Global Financial (nee US Subprime Mortgage) Crisis is emergence and popularisation of the ‘systemic' theme. In a similar vein, talks of ‘too interconnected to fail' superseding ‘too big to fail' widely...

From the perspective of financial network stability analysis achieved by studying the network formed with linkages of individual financial institutes, this article aims to delve into the monitoring, warning, and analyzing of the systematic risk of the financial system as a whole, which is the...

Financial sector stability is a key prerequisite for efficient transfer and allocation of savings, considered to be one of foundations of economic growth. The importance of achieving and sustaining financial stability has be highlighted by recent financial crisis which has revealed that the...