Report
Barcelona Reports
Barcelona 1: Sound At Last? Assessing a Decade of Financial Regulation
- Introduction: Barcelona 1: Sound At Last? Assessing a Decade of Financial Regulation
- Bank functions, fragility and narrow banking
- Basel III and beyond
- Resolving ‘too big to fail’
- An expanded role for central banks
- Conclusions
- Regulatory reform: Basel III and beyond
- The structure of Basel III
- Capital regulation
- Liquidity regulation
- Non-bank Intermediation
- Resolving too big to fail
- Lessons from the crisis of 2007-2009: Why bank resolution was an impossible choice
- SIB resolution: What are the challenges and trade-offs?
- The SIB resolution model around ‘single point of entry’
- Main takeaway
- An expanded role for central banks
- Conducting monetary policy at the zero lower bound
- Lender of last resort
- Updating the central bank financial stability mandate
- Legitimising an expanded mandate for independent central banks
- Discussions
- Discussion of Chapter 2 by Philipp Hartmann: Regulatory reform: Basel III and beyond
- Discussion of Chapter 3 by Fernando Restoy: The new bank resolution framework: Will it work?
- Discussion of Chapter 4 by John Vickers: An enlarged role for central banks