The Bank for International Settlements (BIS), a forum for the world’s central banks, wants specific regulations that were introduced after the 2008 financial crisis to also be extended to shadow banks and FinTech firms. According to Reuters, the regulation in question is “macroprudential” policy, which...
The Bank of England, amid the volatility in world markets following the surprise and shock of the Brexit vote last month, has now moved to shore up England’s economic wellbeing, pulling back on bank capital requirements. The Wall Street Journal reported on Tuesday (July 5) that...
June 18, 2018
The Bank for International Settlements (BIS), a forum for the world’s central banks, wants specific regulations that were introduced after the 2008 financial crisis to also be extended to shadow banks and FinTech firms. According to Reuters, the regulation in question is “macroprudential” policy, which requires banks to build up separate “countercyclical” buffers of capital […]
