Regulating, Supervising, and Handling Distress in Public Banks
June 14, 2022
Public banks remain important across the world. Governments may create them to overcome market failure or to address weak private banks. In times of stress, such as the COVID-19 pandemic, public banks can play a countercyclical role. Still, public banks may also be the source of risks to financial stability.
A new IMF staff paper argues that to address these risks, countries must have carefully designed prudential policies and financial safety nets. The paper highlights substantial room for improvement in regulation, supervision, and crisis management, and suggests actionable reform.
The panel discussed country experiences with designing and implementing effective regulation, supervision, and crisis management frameworks for public banks. The event took place virtually on Tuesday, June 14, 2022, from 9:00 am to 10:15 am Eastern Standard Time (ET).
Agenda
Tuesday, June 14, 2022 |
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9:00 AM ET |
Opening remarks Bo Li |
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9:10 AM ET |
Discussion Viral AcharyaC.V. Starr Professor of Economics, New York University Stern School of Business, and former Deputy Governor, Reserve Bank of India
Fellow National Academy of Public Administration
Chief Representative for the Americas, Bank for International Settlements, and former Governor, Central Bank of Brazil
Former Governor, Bank of Thailand
Bo Li (moderator)
Deputy Managing Director
International Monetary Fund
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10:15 AM ET |
End of the panel discussion |