Monetary and financial stability - lessons from recent times
12 April 2023 · Andrew Bailey , Governor of the Bank of England (United Kingdom)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability , financial stability
AB 12 Apr 2023 · Andrew Bailey Wiki · Bank of England Wiki Monetary and financial stability - lessons from recent times Context Speech at the Institute of International Finance in Washington; the Bank of England protects monetary and financial stability after the gilt crisis and recent bank failures.
Why it matters Bailey argues that regulation cannot cover every risk after recent bank failures.
Problems raised Recent bank failures raised questions about regulation. Inflation remains high. Not all risks can be covered by regulation. Solutions proposed Stress-test banks to a sensible limit. Use other approaches for risks beyond regulation. Keep monetary policy focused on inflation. Read full speech on bis.org ↗ More from Andrew Bailey · Bank of England · all speeches
More speeches by Andrew Bailey Other leaders on monetary policy and interest rates
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