In the dynamic world of finance, it is imperative that we constantly adapt and learn from past experiences to navigate the challenges that lie ahead. This Conference serves as a platform to exchange insights and foster collaboration towards a stronger and more resilient banking sector in the Asia-Pacific. 2.
The Special Feature combines recent theoretical insights[19] with a new empirical analysis[20]. The key results are threefold. First, macroprudential powers to set margins and haircuts should have a broad scope. That is, any regulation should capture both derivatives and SFTs, and both centrally cleared and non-  BIS central bankers’ speeches  3  centrally cleared transactions.