By Rens van Tilburg, Seraina Grünewald, Dirk Schoenmaker, and Arnoud Boo Climate risks are building up on banks’ balance sheets. Supervisory reviews show that banks are not well prepared. Yet, supervisors have been slow to include climate risks in minimum capital requirements. This column argues that doing so would speed up the transition to a[…]
By Luc Laeven, Angela Maddaloni and Caterina Mendicino What are the trade-offs involved in the implementation of macroprudential and monetary measures? And how do monetary and macroprudential policies interact? Recent research conducted at the European Central Bank (ECB) tackles these questions both theoretically and empirically. Luc, Angela, and Caterina argue that monetary and macroprudential policies[…]
By Ulrich Bindseil and Jürgen Schaaf Amid the widespread fallout in crypto markets following the collapse of a major crypto exchange, The ECB Blog takes a look at where we stand with Bitcoin. Link: Bitcoin’s last stand
By Financial Stability Board The Financial Stability Board released a progress report that describes progress over the past year and planned work by the Board, as well as by standard-setting bodies (SSBs) and other international organisations, to enhance the resilience of non-bank financial intermediation (NBFI) under the FSB’s NBFI work programme. The report addresses factors[…]
By Financial Stability Board New shocks may expose a number of current vulnerabilities while a number of vulnerabilities associated with structural changes are emerging. This annual report provides an overview of the FSB’s work to tackle a number of current and emerging vulnerabilities. The report also emphasises that, in the face of the current challenges[…]
By BIS The BIS Quarterly Review examines developments in international banking and financial markets. Published in March, June, September and December, it comprises a review of market developments over the past quarter, and special features that analyse topical economic and financial issues. This quarters review show the Triennial Survey results which uncover shifts in trading activity in[…]
By Nicholas Apergis, Ahmet F. Aysan, and Yassine Bakkar To avoid excessively high interest rates, with their impact on financial stability, some central banks desire to use more macroprudential policies in their policy formulations. Nicholas Apergis, Ahmet F. Aysan, and Yassine Bakkar analyse lender-targeted macroprudential policy instruments and borrower-targeted ones and describe their effects during economic upturns[…]
By The World Bank Over a decade has passed since the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation, and supervision. The Global Financial Development Report 2019/2020 provides new data and evidence on the regulatory remedies adopted to prevent future financial instability and[…]