In general, central banks are not likely to change monetary policy in response to commodity price fluctuations. Monetary policy should address the risks emanating from possible second-round effects, i.e. adjustments in expectations triggered by movements in commodity prices which may exert an impact on the inflation process. 7.
While the Board can shape the particulars of its oversight to the nature of each designated firm, the statute requires liquidity standards, risk management standards, resolution plans, and concentration limits, with the additional strong presumption of capital standards.