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- Title
Prudential regulation, risk management and systemic stability.
- Abstract
In this speech, Alastair Clark, Adviser to the Governor of the Bank of England, discusses Basel II capital requirements and the cyclicality of credit conditions, the role of bank capital requirements in the face of greatly increased credit risk transfer and the importance of liquidity alongside capital as a factor in banks' overall financial position. He concludes that, although there are theoretical reasons for thinking that procyclicality might increase, it is too early to say how significant this effect will be in practice, that bank capital requirements against credit risk remain important given that banks are still a major, and often the dominant, channel for the provision of credit and that more intensive analysis is needed on whether, and if so in what form, it might make sense to establish international standards for liquidity, paralleling those for capital.
- Subjects
ENGLAND; RISK management in business; MANAGEMENT; CLARK, Alastair; BANK of England; BANKING industry
- Publication
Bank of England Quarterly Bulletin, 2006, Vol 46, Issue 4, p464
- ISSN
0005-5166
- Publication type
Speech