Banks: Testing post-GFC regulatory frameworks
Regulators and policymakers will need to rewrite the framework designed to guard against bank runs, to cope better with the digital banking era at hand
Add BT as a preferred source
IN THE aftermath of the global financial crisis (GFC) of 2008-2009 and its echo, the eurozone crisis of 2011-2012, the transformation of the global banking system was both rapid and dramatic.
At the foundation of the new regulatory framework that was to govern the sector in the post-crisis era was the increased resilience of banks. Expanded general capital levels were imposed, forming the core of the new regulations.
However, the oversight regime also sought to tailor capital requirements for institution-specific risks, including those deemed systemically important, creating a more granular regulatory regime within the sector.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Germany, Spain push back on European plan to ban Huawei gear
