Banks play a central role in the functioning of the economy. Not only do they allocate financial resources, they also collectively create money in the process of granting loans. In this way, they have a considerable impact on the type of activities that are financed in society. During the...

On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.

Defining whether a financial institution is systemically important (or not) is challenging due to (i) the inevitability of combining complex importance criteria such as institutions’ size, connectedness and substitutability; (ii) the ambiguity of what an appropriate threshold for those...

The Central Bank of Ireland and SUERF organised a joint conference in Dublin on 20th September, 2010 on the general theme of Regulation and Banking after the Crisis. In the best traditions of SUERF, the programme included papers and presentations from the three main constituencies of SUERF:...

As a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the ¡°Great Depression.¡± More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a...

AbstractThe following sections are included:IntroductionThe Dodd–Frank Resolution Mechanism for Nonbank SIFIsThe US Repo MarketEvolution of the US Repo MarketRepo Market and the Crisis of 2007–2009A Case for Reforming the Repo MarketProposal for a Repo Resolution AuthorityA Historical...

AbstractThe papers in this session treat different aspects of the unfinished business of reforming the financial system. Charles Calomiris offers a bold multipoint plan for reform, whose underlying theme is that we do not need more complex rules and more supervisory discretion but simpler rules...

AbstractWhere should we be headed in financial reform? Are we on the right road and are we getting there at the right pace?…

AbstractThe following sections are included:A Simpler Approach?How to Get from Here to ThereA More Structural Approach