4  Interview with Olivier Blanchard, IMF Survey Magazine, IMF Explores Contours of Future Macroeconomic Policy, February 12, 2010  5  Monetary Policy in a world with macro prudential policy, Speech by Jaime Caruana, General Manager of the BIS, at the SAARCFINANCE Governors’ Symposium 2011, Kerala, 11 June 2011  BIS central bankers’ speeches  3  In South Africa, like in other countries, the Basel III liquidity regulations aim to reduce the reliance of banks on short-term funding.
Instead, another aspect of the interaction of market and credit risk has become newsworthy. It is the question of how an economy is affected if credit risk starts to be traded or, in other words, if credit risk transforms into market risk.