Streamlining financial regulation while safeguarding stability and tackling new risks
· Pablo Hernández de Cos, General Manager of the Bank for International Settlements (International)
Summary written by Dark Majestic in its own words · topics: financial stability, development and emerging economies
PH · Pablo Hernández de Cos Wiki · Bank for International Settlements WikiStreamlining financial regulation while safeguarding stability and tackling new risksContextSpeech by the BIS General Manager on reviewing financial regulation as the 20th anniversary of the Great Financial Crisis approaches.
Why it mattersThe BIS view on the push to simplify financial rules: review them, but keep banks resilient and global standards intact.
Problems raised- Post-crisis rules are complex.
- New sources of financial risk are emerging.
- Financial stability depends on cross-border cooperation.
Solutions proposed- Review reforms regularly with rigorous, system-wide analysis.
- Simplify regulation while keeping banks resilient.
- Adapt the framework to new risks with global standards.
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