📰Weekly Brief +🗓️FinAgenda

➡️Bruegel & Financial Times Economic choices for Europe: EU leadership debate 2024
➡️Deutsche Bundesbank for banking supervisors’ course
➡️European Commission ‘Macroprudential policies for non-bank financial intermediation’ workshop

🖇️mailchi.mp/ebf/weekly-fin…

Credit standards at the origination of corporate loans are significantly associated with future default risk. Limiting debt-to-assets and interest coverage ratios in good times can mitigate credit risk in downturns #bdeResearch #macroprudential bde.es/wbe/en/publica…

In a brief talk with prof. Isabella M. Weber, I asked her: How can we sell 'Seller's Inflation' to these macroprudential bureaucrats?

Now that most technocrats are faced with their own uselessness, we see that it's not a question on how to sell but rather on how to impose.

ที่ตลาดรถยนต์เราหดตัวมาจากที่ธปท.กดดันแบงค์ให้ควบคุมการปล่อยกู้พร้อมกับเศรษฐกิจที่ชะลอตัวลง

ที่ธปท.กดดันแบงค์ให้ควบคุมการปล่อยกู้เป็นตัวอย่างของ macroprudential policy ซึ่งต่างประเทศจะลดดอกเบี้ย กระตุ้นให้ภาคอื่นโตเร็วขึ้น เพื่อชดเชยผลกระทบ

ธปท.กลับขึ้นดอกเบี้ย ซ้ำเติมปัญหา

Our seminar series continues on Monday! Pei Kuang will present the paper 'Macroprudential Policy and Housing Market Expectations'.

📅 Mon, 5th February
🕓 4pm (GMT)
📍 Masaryk Room UCL School of Slavonic & East European Studies

To learn more: cnetucl.co.uk/events

สาเหตุที่เรามีปัญหาเรื่องหนี้ก็เพราะธปทใช้ macroprudential policy ควบคู่กับการขึ้นดอกเบี้ยซึ่งเป็นสิ่งที่แบงค์ชาติอื่นไม่ได้ทำ ผลลัพธ์ก็ตามที่เห็น เศรษฐกิจโตช้าและหนี้ครัวเรือนแย่ลง ถ้าอยากจะแก้ปัญหาก็ต้องกดดันให้ธปทเปลี่ยนนโยบาย เลิกใช้ดอกเบี้ยบริหารหนี้ครัวเรือน

📑Today we have announced the introduction of macroprudential measures for Irish-authorised GBP-denominated Liability Driven Investment (LDI) funds. The measures aim to safeguard resilience and support financial stability. Find out more here: centralbank.ie/news/article/c…

Join us on 22 May at the Technical workshop on macroprudential policies for non-bank financial intermediation #NBFI
🔹 Launch of a targeted consultation
🔹 Keynote by Mairead McGuinness
🔹 3 Panels with leading international experts

Don’t miss it!
➡️ europa.eu/!K9BPw7 #CMU

My paper with Seho Kim

'Macroprudential policy with earnings-based borrowing constraints'

is now in press at the 𝑱𝒐𝒖𝒓𝒏𝒂𝒍 𝒐𝒇 𝑴𝒐𝒏𝒆𝒕𝒂𝒓𝒚 𝑬𝒄𝒐𝒏𝒐𝒎𝒊𝒄𝒔
authors.elsevier.com/a/1j3ll15DWH-H…

Thank you to everyone who provided helpful feedback on this work!

22 May: The impact of NBFIs on the EU #FinancialStability : ensuring effective monitoring and risk management for investment funds - workshop on #macroprudential policies for NBFI finance.ec.europa.eu/events/technic…

As part of our macroprudential strategy to advance system-wide cyber resilience, today we published a report focusing on operational policy tools.

Find out more in our press release
esrb.europa.eu/news/pr/date/2…

Today we published a report on enhancements to the ESRB’s macroprudential stance framework. The framework compares systemic risks, financial system resilience and macroprudential policies, and provides data-based input to help policymakers in their decision-making.

There is no immediate impact on Hong Kong banks’ risk profiles from the recent relaxation of macroprudential measures for residential mortgage loans.

Learn more: ow.ly/Pt1q50QMl99

#asiapacific #hongkong #mortgage #loan #banks

A theory of macroprudential regulation in a macroeconomic model of self-fulfilling bank runs, from Manuel Amador and @javierbianchi7 nber.org/papers/w32341

ถ้าธปทใช้นโยบายเดียวกับแบงค์ชาติอื่น กระตุ้นจนเศรษฐกิจฟื้น ตลาดแรงงานแน่น ครัวเรือนมีกำลังซื้อ หุ้นของเราก็จะฟื้นเหมือนกัน

ขอให้คุณ Srettha Thavisin กดดันให้ธปทประกาศว่าจะใช้นโยบายเดียวกับประเทศอื่น จะเลิกใช้ดอกเบี้ยควบคู่กับ macroprudential policy จะตั้งใจบริหารให้เงินเฟ้อเข้าเป้า

A central bank’s expanded balance sheet can play a macroprudential role, thus enhancing the effectiveness of #MonetaryPolicy #CentralBanks bis.org/publ/work1173.…

Save the date‼️
🗓️ 22 May 2024
Technical workshop on macroprudential policies for non-bank financial intermediation #NBFI

🔹 Launch of a targeted consultation
🔹 Keynote by Mairead McGuinness
🔹 3 Panels w leading international experts

Don’t miss it!
➡️ europa.eu/!K9BPw7
#CMU

'Reserve requirements can be used as a #macroprudential tool to manage credit and systemic risks. They can reduce the build-up of #SystemicRisk and the frequency of financial distress episodes.' Bank for International Settlements bis.org/publ/work1182.…

The #BaselCommittee ’s revised Core Principles include lessons learned on how to better mitigate financial risks, strengthen the macroprudential aspects of supervision, promote operational resilience and reinforce corporate governance and risk management bis.org/bcbs/publ/d573…

Today at UIB Business Facultat d'Economia i Empresa - UIB we enjoyed the seminar “The Transmission of Macroprudential Policy in the Tails: Evidence from a Narrative Approach” delivered by Álvaro Fernández, from Universidad de Alicante UA.

Follow our seminars👇🏼

dee.uib.es/Investigacio/S…

#SeminarsDEE #FridayMood