The Commission announced that it intended to make the legislative proposal before the summer of 2011; it is now expected to be published this autumn. BIS central bankers’ speeches  3  The crux of the matter is to ensure that financial supervisors have sufficient information to promptly identify risks to financial stability originating from the shadow banking system.
Monetary easing seems to reduce unemployment most among low-income households, while also boosting the general wage level, which benefits proportionately more high-income households. However, it seems that, relative to the positive impact that monetary policy has on the macro-economy, both on growth and employment, the impact on inequality is nevertheless very small. In our neighbouring Nordic country, Sweden, the assessments have been similar.