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Keynote address by Jaime Caruana, General Manager of the BIS, at the 2012 ADB Financial Sector Forum on "Enhancing Financial Stability - Issues and Challenges"
Key messages are: i) financial stability is about resilience and should be prepared in advance; ii) preserving financial stability involves a wide range of policy areas; iii) a globalized financial system requires global rules; and iv) the end result we want to achieve is a system characterized by less leverage, better liquidity management, sounder incentives, less moral hazard, stronger oversight, and more transparency. The key challenges in carrying forward this agenda are: i) implementing what has been agreed, especially with regard to bank capital; ii) designing the right transition given a still weak recovery; iii) completing the regulatory reform agenda in the areas of liquidity standards, resolution regimes, OTC derivatives, and the shadow banking system; and iv) ensuring sound micro- and macroprudential oversight.
Publisher:
International Organizations
Release date:
Feb 2012
Type:
Others
Topics:
Macroprudential, Shadow banking, Capital adequacy, Asset classification and provisioning
Sectors:
Banking
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