In light of the central role that banks play in providing liquidity, I believe that liquidity risk management is an area where it would be appropriate for the Committee to do some exploratory work. I believe there is much that can be gained from sharing information on supervisory approaches to assessing liquidity, and bank tools for managing liquidity, particularly during stress scenarios.
Overseas economies have continued to grow at a moderate pace. Trade activity was sluggish globally following the financial crisis of 2008, but has recovered since the second half of 2016, providing support for the recent growth in the global economy. In many countries, business fixed investment has been increasing, accompanied by an improvement in corporate profits.