FINANCIAL STABILITY FINANCIAL REGULATION BANK SUPERVISION FINANCIAL SYSTEM CENTRAL BANKING PAYMENT SYSTEMS
“Quantitative easing (QE)” is an important task: the need to make monetary policy effective when interest rates are close to zero. The world’s leading central banks, including the Bank of England, have taken such actions. But is UK policy working? Yes, but not quite enough. The argument about quantitative easing is polarised: some critics wail about [...]
A central bank, reserve bank, or monetary authority is a country’s primary monetary authority. Central banks usually have responsibility for issuing currency, administering monetary policy, holding member banks’ deposits, facilitating the nation’s banking industry, and acting as a lender of last resort to the banking sector during times of financial crisis (private banks often being [...]
The purpose of the Keep Abreast of … topical briefings, articles and capacity development is to give you knowledge and keep you up-to-date with advances in the financial sector and financial regulation, and the associated areas of central banking and payment systems.
Topical financial term: Macroprudential: Defined in terms of its antonym, “microprudential”. In this narrower sense, closer to its origin, the term refers to the use of prudential tools with the explicit objective of promoting the stability of the financial system as a whole, not necessarily of the individual institutions within it. Most of the tools lie with the regulation and supervision of individual institutions. The challenge is to achieve a better balance in their use, with the aim of successfully marrying the two perspectives. [more]