We established a new expectation that all FSB policy recommendations will be open for at least 60 days of public comment, instead of the shorter periods used in the past.
We used data from the international syndicated loan market to test the model’s predictions about the reaction of lending to this type of funding stress. We found that dollar-denominated lending by euro-area banks fell relative to their euro-denominated lending, while this result did not hold for U.S. banks.