BoE has published speeches given by Paul Tucker in Brussels and the US on crisis management frameworks. He looked at the changes already taking place to capital and liquidity requirements, and highlighted four further key areas:

  • resolution regimes for "too big to fail" SIFIs and the importance of cross-border cooperation in getting good processes in place;
  • mitigating the complexity of the financial network, specifically in terms of central counterparties, large exposures and use of CRAs as well as a more fundamental review of the purposes of financial regulation;
  • shadow banking; and
  • macro-prudential considerations, which entail moving with the perimeter of micro-prudential regulation, maintaining a resilient infrastructure and leaning against the credit cycle when it threatens stability.