· Agustín Carstens Wiki · Bank for International Settlements WikiAn integrated approach to a safer and more resilient banking system
Read full speech on bis.org ↗ContextKeynote address by Agustín Carstens, General Manager of the BIS, at the conference on "Exploring Conventional Bank Funding Regimes in an Unconventional World" co-sponsored by the Federal Reserve Banks of Dallas and Atlanta, Dallas, 18–19 July….
Why it mattersThe BIS head argues that the 2023 turmoil calls for combining supervision and liquidity support.
Problems raised
- The 2023 turmoil exposed weak bank governance.
- Liquidity risk management was poor.
- Measures were treated in isolation.
Solutions proposed
- Take an integrated approach to bank safety.
- Combine supervision, liquidity facilities and risk management.
- Strengthen resilience before crises.