Financial regulation and banking

Claudia M. Buch, 25 September 2020

Structured policy evaluations are important for the accountability and transparency of policy responses to global crises. Such evaluations require good infrastructure, including access to data and information on policies. In 2017, the Financial Stability Board began a comprehensive evaluation of post-crisis financial-sector reforms. This column draws on this evaluation to examine the state of the global banking system at the onset of COVID-19 crisis and highlights important lessons to be learned from the policy response to the Global Crisis.  

Matthias Heinz, 18 September 2020

Do scandals happen in banks because they recruit people who can't be trusted? Matthias Heinz tells Tim Phillips about new research with a sobering message for bank HR departments. 

John Fell, Francesco Mazzaferro, Richard Portes, Eric Schaanning, 11 September 2020

On 23 July 2020, the European Systemic Risk Board published a technical note summarising the findings of a cross-sectoral, top-down analysis that sought to quantify the aggregate potential impact of large-scale corporate bond downgrades. This column summarises the main findings of the exercise, provides a rationale for such analyses, and suggests repeating such system-wide exercises regularly and on a global level to uncover vulnerable links and improve institutions’ own risk management. 

Sarah Allen, Srđan Čapkun, Ittay Eyal, Giulia Fanti, Bryan Ford, James Grimmelmann, Ari Juels, Kari Kostiainen, Sarah Meiklejohn, Andrew Miller, Eswar Prasad, Karl Wüst, Fan Zhang, 04 September 2020

Many central banks are considering, and some are even piloting, central bank digital currency. This column provides an overview of important considerations for central bank digital currency design. While central banks already provide wholesale digital currency to financial institutions, a retail central bank digital currency would expand access to more users and provide opportunities for innovative central banking. The design must balance these benefits with the potential risks created by retail central bank digital currency deployment.  

Viral Acharya, 28 August 2020

In a new book based on his time as deputy governor of India's central bank, Viral Acharya warns that India's bloated public sector is strangling growth. The economy urgently needs institutional reform, he tells Tim Phillips - and now is the perfect time to do it.

Viral's book is called Quest for Restoring Financial Stability in India, and is published by Sage India.

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