March 2025: What has macropru ever done for you? Macropru announcements can lead to a substantial reduction in systemic risk

Bank Underground Blog Entry by Kristina Bluwstein and Alba Patozi “Measuring financial stability is very difficult. Measuring the effectiveness of policies affecting financial stability even more so. Not only is the objective of financial stability an elusive concept, but policies targeting financial stability are often complex, technical, and very slowly implemented. In spite of this,[…]

December 2024: ECB Banking Supervision’s priorities 2025-27

by the European Central Bank The supervisory priorities for 2025-27 reflect ECB Banking Supervision’s medium-term strategy for the next three years. They are set by the Supervisory Board of the ECB, reviewed annually, and are based on a comprehensive assessment of the main risks and vulnerabilities for supervised entities. They also take account of the[…]

December 2024: How foreign central banks can affect liquidity in the Government of Canada bond market

Bank of Canada Staff Analytical Note 2024-26by Patrick Aldridge, Jabir Sandhu and Sofia Tchamova “We examine the trading behaviour of foreign central banks and its potential impact on liquidity in the Government of Canada (GoC) bond market. Our analysis builds on recent projects from staff at the Bank of Canada aimed at better understanding how[…]

December 2024: BIS Quarterly Review – International banking and financial market developments

Bank for International Settlements – Monetary and Economic Department The BIS Quarterly Review includes analysis on recent developments in financial markets, inflation targeting, monetary policy transmission to housing markets, large language models and the architecture of international banking. Link: BIS Quarterly Review (December 2024)

December 2024: Breaking banks’ information monopoly: The case for deposit data sharing

VoxEU Columnby Jin Cao, Emilia Garcia-Appendini, Cédric Huylebroek Incumbent banks often maintain an informational monopoly over their borrowers, making it difficult to switch to competing lenders or negotiate better terms. This column argues that deposit relationships could be a solution, thereby contributing to more competitive lending markets. It shows that firms with deposit relationships at[…]

November 2024: A first look at bank loans to real estate funds

Part of the ECB’s Macroprudential Bulletin 25by Marcus Bierich, Pierce Daly, Aoife Horan, Ellen Ryan and Manuela Storz This special focus provides an initial granular analysis of bank lending to real estate investment funds (REIFs) in the euro area, while also considering the resulting potential financial stability implications. Link: A first look at banks loans[…]