Macroprudential Policy: Whats Next? (By invitation only)
Tuesday, October 13, 2015 / 2:30 pm - 3:30 pm
, Director, International Finance and Capital Markets Research, Milken Institute
While countries are moving forward with the implementation of frameworks such as Basel III, the benefits of such complex regulations remain an open question. In a recent Milken Institute report on macroprudential policy, we warn the practitioners about the use of a single indicator for the financial cycle when implementing countercyclical capital buffers. As IMF chief Christine Lagarde has said: It is not just more regulation that is needed; it is better regulation. London is an interesting place to examine the subject given the Bank of Englands activities on the macroprudential front and its governors role as chair of the Financial Stability Board. This session offers a unique opportunity to gain a better understanding of recent financial regulations and interact with influential policymakers.