Financial stability in the global environment-Learning the lessons from the market crisis
Over the last year, a broad consensus emerged towards placing the Financial Stability Forum (FSF) on stronger institutional ground,… Lees verder

Stocktaking on the use of credit ratings
In its report to the G7 titled Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience,1 the Financial Stability Forum (FSF)… Lees verder

The post-crisis financial architecture
So let me start with the main challenges that we are currently facing. As you know, financial markets have experienced an extensive correction since August 2007 which,… Lees verder

A preliminary assessment of the TALF
On the Term Asset-Backed Securities Loan Facility (TALF), which in my view is one of our most innovative programs. This facility is a complement to… Lees verder

Managing risk-the role of the central bank in a financial crisis
A few years ago, it would probably have been unusual for a central banker to be giving a speech at… Lees verder

Banking on governance for growth and stability
Indeed, key indicators for the rural banking sector show steady growth even in the midst of the global financial crisis and the closure of… Lees verder

Risk management in the midst of the global financial crisis
During this period, macroeconomic management, needless to say, has been challenging. The financial crisis called into question several fundamental assumptions and… Lees verder

Findings on the interaction of market and credit risk
For many reasons, both historical and practical, market and credit risk have often been treated as if they are unrelated sources of… Lees verder

The future of Islamic financial services
First, the crisis shows that while the idea of the “de-coupling” of Asian economies from the rest of the world was premature, the structural trend… Lees verder

Due diligence and transparency regarding cover payment messages related to crossborder wire transfers
The processing of cross-border wire transfers1 frequently involves several financial institutions. In addition to the originator’s bank and… Lees verder