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Financial markets: implications for financial stability

Financial markets: implications for financial stability As deputy governor of the Bank of England, the author provides an overview of the trends in consolidation of the market before assessing current proposals on the capital adequacy of banks and the new Basel Accord. He expresses concern about the perennial problem of liquidity and then provides some analysis of recent developments, particularly in alternative risk transfer mechanisms. He argues that innovations must be treated with some care and suggests that risk management in the financial system is the overarching goal. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Balance Sheet Emerald Publishing

Financial markets: implications for financial stability

David Clementi
Balance Sheet , Volume 9 (3): 6 – Sep 1, 2001
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Publisher
Emerald Publishing
Copyright
none
ISSN
0965-7967
DOI
10.1108/09657960110695989
Publisher site
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Abstract

As deputy governor of the Bank of England, the author provides an overview of the trends in consolidation of the market before assessing current proposals on the capital adequacy of banks and the new Basel Accord. He expresses concern about the perennial problem of liquidity and then provides some analysis of recent developments, particularly in alternative risk transfer mechanisms. He argues that innovations must be treated with some care and suggests that risk management in the financial system is the overarching goal.

Journal

Balance Sheet – Emerald Publishing

Published: Sep 1, 2001

Keywords: Banking; Liquidity; Risk management

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