20th Annual Financial Markets Conference: Central Banking in the Shadows: Monetary Policy and Financial Stability Postcrisis - Federal Reserve Bank of Atlanta

Traditionally, commercial banks have been the focus of central banks' monetary policy. However, shadow banks played key roles in the events leading up to the financial crisis, the near collapse of the financial system during that time, and in the postcrisis recovery policies. Banks' importance to the financial system appears likely to decline as they face higher costs from regulation designed to enhance financial stability and reduce safety net subsidies. All of this raises the question, will commercial banks remain central to central banking? Read a Notes from the Vault on the topic. Conference topics will explore: - The future of banks - Financial stability - Monetary policy implications