These are on Financial Stability Assessment and Stress Testing, on Financial Regulation and Supervision, on Institutions and Market Structure and on Transparency Standards. In order to enhance the credibility of this self-assessment, the Committee has decided that the reports of the Advisory Panels would be peer reviewed by a panel of international experts.
In contrast, higher income earners are mainly affected by the rate of their hourly wages. This means that expansionary monetary policy tends to benefit lower income households most through lower unemployment. - Income composition channel: By lowering unemployment, lower interest rates tend to support the incomes of wage earners’ more than of those who rely mainly on business profits and capital income.