The Federal Reserve’s responses to the failure or near failure of a number of systemically critical firms reflected the best of bad options, given the absence of a legal framework for winding down such firms in an orderly way in the midst of a crisis – a framework that we now have.
BIS central bankers’ speeches  1  •  The Three National Financial Access Surveys for 2006, 2009 and 2013 have clearly demonstrated that Kenya’s financial landscape has changed considerably over the period 2006–2013.