Presentation by Mr Fernando Restoy, Chairman, Financial Stability Institute, Bank for International Settlements, at the CIV Meeting of Central Bank Governors of the Center for Latin American Monetary Studies (CEMLA), Washington DC, 12 October 2017.
The presentation provides an overview of the achievements to date of the post-crisis regulatory reforms and the ongoing work of the different standard-setting bodies. It highlights some specific challenges for financial sector authorities, including the ex post impact assessment of regulatory reforms; the problem of non-performing loans in several jurisdictions; the application of proportionality in regulation; the emergence of fintech; the implementation of resolution reforms; and other priority areas such as cyber-risk, shadow banking and correspondent banking.
The views expressed here are my own and not necessarily those of the BIS or its member institutions.
