Bank of England Financial Stability Report, June 2013. Executive summary For much of the period since the previous Report, prices of risky assets rose and balance sheets across the financial system strengthened. More recently, however, asset prices have fallen and financial markets have been volatile, reflecting shifting expectations of the path of monetary policy in [...]
The dog and the frisbee. In a paper given at the Federal Reserve Bank of Kansas City’s 36th economic policy symposium in Jackson Hole, Wyoming, Andrew Haldane – Executive Director for Financial Stability and member of the Financial Policy Committee – explores why the type of complex financial regulation developed over recent decades may be [...]
In March 2012, Chairman Ben S. Bernanke delivered a four-part lecture series about the Federal Reserve and the financial crisis that emerged in 2007. The series began with a lecture on the origins and missions of central banks, followed by a lecture that discussed the role and actions of the Federal Reserve in the period [...]
International regulatory framework for banks (Basel III). What is Basel III? Around the world, central bankers, regulators and governments have responded to the financial crisis with new regulation and legislation. The cornerstone of this global initiative to contain risk is Basel III – sweeping new regulatory standards for banks on capital adequacy and liquidity. Basel [...]
The purpose of the Financial Regulation Forum is to provide topical briefings, articles and education programmes to give you knowledge and keep you abreast of advances in the financial sector and financial regulation, and the associated areas of central banking, financial stability, banking and payment systems.
A Discussion Forum is also provided.
Topical financial term: LIBOR (London Interbank Borrowing Rate): LIBOR, is the standard rate of computing an interest rate in all the major currencies and in many different maturities. It is set in about 10 currencies, and for each one there is one, three, six, and 12 month maturity with many in between. It's daily and very convenient. The rate affects about $800 trillion dollars of contracts and all sorts if financial instruments globally. That's more than half of the whole derivatives market.
Go to the Foreign currency converter