In a keynote address on promoting financial stability, Andrew Crockett, General Manager of the Bank for International Settlements, will argue that preventing financial instability has become a key issue for policy makers.
Despite the more stable monetary environment in most developed countries a number of factors has increased the risk of financial instability. These include: financial liberalisation, the growing role of financial institutions in mobilising savings, globalisation and developments in technology.
These problems have led financial regulators to devote more effort to the prudential management of risk. Andrew Crockett will stress the importan