The Misuse of Macroprudential Regulations for Protectionist Purposes: A Real Danger?

Philipp Keller

Chapter 14 in Macroprudential Supervision in Insurance, 2014, pp 280-297 from Palgrave Macmillan

Abstract: Abstract The ongoing financial crisis shows that reliable information on the exposures to risk of financial institutions is essential for supervisors, policymakers, managers of financial firms, as well as for the public. Macroprudential surveillance facilitates the assessment of risks and the evaluation of the potential costs and rewards of different policy decisions. Macroprudential regulation has to be based on the appropriate measurement of value and risk. Macroprudential policymaking is highly complex and relies on sound microprudential frameworks for legal entities, groups and conglomerates and for all relevant financial institutions. It requires the ability to analyse the interconnection between insurers, banks and other players in the financial market. Macroprudential regulation has the potential to offer incentives for investments, products and risk management for the entire financial market. It therefore has to be formulated with great care. While few macroprudential regulatory frameworks have yet to be put in place, macroprudential arguments have already been used extensively to adapt a number of microprudential frameworks.

Keywords: Cash Flow; Central Bank; Pension Fund; Asset Class; Insurance Liability (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-43910-9_15

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137439109

DOI: 10.1057/9781137439109_15

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().