Macroprudential Policy: The Next Financial Weapon? (By invitation only)
Tuesday, December 6, 2016 / 11:30 am - 12:30 pm
Claude Lopez, Director, International Finance and Capital Markets Research, Milken Institute
Recent changes in European Union's macroprudential policy highlight the challenges of having a synchronized approach across countries with disparate financial systems and, in particular, with differing degrees of reliance on banks. This private session will focus on assessing the current configuration of macroprudential policies and related issues. How have regulatory changes affected the banking industry and, to a broader extent, the financial system? To what degree have they enhanced overall financial stability? What is the next step? Will countries meet the goals of Basel III by 2019? Will policymakers tighten regulation of the asset-management industry? How should we deal with the trade-off between domestic objectives (e.g., international competitiveness of domestic banks) and international coordination of macroprudential policy?