The Centre for Economic Policy Research (CEPR) and the Centre for International Governance Innovation (CIGI) will host a discussion forum on the design and governance of financial stability regimes featuring Sir Paul Tucker.
CIGI Essays on International Finance, Volume 3: The Design and Governance of Financial Stability Regimes by Sir Paul Tucker explores the reforms made to the financial regulation regimes around the world since the 2007–2009 crisis.
Tucker argues these reforms have been simultaneously even and uneven — even, in so far as there is a shared core of reforms to banking and some capital markets; uneven, in the extraordinary diversity in the architecture and purposes of national regimes to preserve financial stability. Whereas a few countries have established high-level financial stability authorities with powers over the whole of the system, most have retained a patchwork of sectoral regulators, many of which lack an explicit mandate for stability. There is also a degree of discord in the orientation of researchers and policy makers.
Tucker will present the framework proposed in his essay with discussant Charles Goodhart, London School of Economics and CEPR chaired by Richard Portes of the London Business School, European University Institute and CEPR.
Registration 17:30 - 18:00
Presentation and discussion 18:00 - 19:00
Drinks and reception 18:00 - 19:00