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Macroprudential Supervision and the Transmission Mechanism

 

What is the Central Bank thinking?

Below is a review of recent central bank literature in the area of macro prudential supervision, this review is intended to elucidate why it is that a banking crisis crosses the line between free market private individual economics and public sector control, in a sense why the banking system is “different” in that executive officers of a financial institution have a higher order responsibility (ironically) to the general welfare of the population which flows form their interrelatio

What is all this Basel regulation stuff about, anyway?

Back in the mists of time (about 10 years ago) it must have been; that was the question I was asked to answer; I did a lot of work so the client must have been seriously interested;-

What the bloody hell is this Basel Thing Anyway?

Stress Tests - A New Modeling Paradigm & a Pragmatic Approach

I have been reviewing the papers from a recent conference;-

The ESRB at 1

SUERF/Deutsche Bundesbank/IMFS Conference

& I think there is a crystallisation of a theme at that conference reflected in one particular presentation which articulates a narrative that we have been developing here on asymptotix in regard to Stress testing over the last 2 or 3 years.

Global liquidity: a view from Basel

Jaime Caruana

General Manager, Bank for International Settlements

International Capital Markets Association Annual General Meeting and Annual Conference

Paris, 26 May 2011

UK Financial regulation - from Tripartite to ‘Twin-peaks’

Financial Regulation: a preliminary consideration of the Government's proposals
 

The Treasury Committee

Seventh Report of Session 2010-11Lion Door Handle
Volume I

 

IMPOSING A SYSTEMIC RISK CHARGE: the Issing Commission

Criteria for a workable approach towards bank levies and bank restructuring

Otmar Issing (Chairman), Jan Pieter Krahnen, Klaus Regling, William White

link

Bank of England to Keep FSA as Subsidiary?

Britain's Finance Minister George Osborne is set to detail plans this week to keep part of the Financial Services Authority (FSA) as a subsidiary of the Bank of England, the BBC reported on Sunday.

" .....in his Mansion House speech to London's financial centre or City on Wednesday, Osborne will set out proposals to keep the part of the FSA which overseas financial markets, as a formal subsidiary of Britain's central bank,

the BBC's Robert Peston said.

 

 

The FSA had faced closure under initial proposals from the Conservative Party -- lead partners in the new governing coalition -- to hand responsibility for dealing with the day-to-day supervision of banks to the Bank of England.

 

source: the BBC

The term macroprudential - origins and evolution

In the wake of the recent financial crisis, the term “macroprudential” has become a true buzzword. A core element of international efforts to strengthen the financial system is to enhance the macroprudential orientation of regulatory and supervisory frameworks. Yet the term was little used before the crisis, and its meaning remains obscure. This special feature traces the term’s origins to the late 1970s, in the context of work on international bank lending carried out under the aegis of the Euro-currency Standing Committee at the BIS. It then describes its changing fortunes until its recent rise to prominence.

Jean-Claude Trichet at a Hearing at the Economic and Monetary Affairs Committee of the European Parliament

Introductory statement by Jean-Claude Trichet, President of the ECB,
Brussels, 28 September 2009

Procyclicality and financial regulation - Oxera

oxera logoAgenda, June 2009 from Oxera

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