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Back to the (macroprudential) future: Reflections and questions on macroprudential policy

· Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision (International)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, banking regulation and supervision, trade, fragmentation and geopolitics

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· Pablo Hernández de Cos Wiki · Basel Committee on Banking Supervision WikiBack to the (macroprudential) future: Reflections and questions on macroprudential policy

ContextKeynote speech by Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision and Governor of the Bank of Spain, at the HKMA-BIS joint conference on "Future-proof supervision for an innovative banking world", Hong Kong SAR, 24 March 2023.

Why it mattersThe Basel chair asks how macroprudential tools should evolve.

Problems raised
  1. High inflation and low growth challenge banks.
  2. Geopolitical tensions add risk.
  3. Macroprudential tools are untested.
Solutions proposed
  1. Build on Basel III resilience.
  2. Improve macroprudential policy.
  3. Strengthen bank risk management.
Read full speech on bis.org ↗

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