Prudential instruments and the recent inflationary episode

Since the Global Crisis, prudential instruments to address financial stability concerns have been enhanced and broadly adopted across countries. Using the recently updated International Banking

Is Europe ready for a major banking crisis?

Europe’s banks have long been slow to integrate across borders, but this is changing fast. ‘Pan-European banks’, with activities spanning several EU countries, are emerging

Liquidity crisis support made in Switzerland and the too-big-to-fail subsidy

Banking crises have repeatedly inflicted serious damage on the real economy. This column discusses a new proposal for a public liquidity backstop in Switzerland to

Big techs’ AI empire

Advances in AI are transforming the economy. Behind this wave of visible innovation lies a less visible but significant trend: the role of large technology