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A Central Bank Perspective : a Report by a Working Group Established by the BIS Economic Consultative Committee (ECC) and Chaired by Hiroshi Nakaso, Assistant Governor, Bank of Japan
出版Bank for International Settlements, 2013
ISBN92913191989789291319190
URLhttp://books.google.com.hk/books?id=LS2KngEACAAJ&hl=&source=gbs_api
註釋"The report reviews issues in relation to the use and production of reference interest rates from the perspective of central banks. These issues reflect the possible risks for monetary policy transmission and financial stability that may arise from deficiencies in the design of reference interest rates, market abuse, or from market participants using reference interest rates which embody economic exposures other than the ones they actually want or need. In parallel to initiatives in other forums and jurisdictions, including work by the International Organization of Securities Commissions (IOSCO), the European Banking Authority (EBA) / European Securities and Markets Authority (ESMA) and the UK Wheatley Review, the report provides recommendations on how to improve reference rate practices from a central bank perspective. The Working Group identifies an urgent need to strengthen the reliability and robustness of existing reference rates and a strong case for enhancing reference rate choice. Both call for prompt action by the private and the public sector."--Abstract.