RD News 19April12

• Sixth ECB Statistics Conference (18 April)
• Speech by Vítor Constâncio (Vice-President of the ECB): How fit are statistics for use in macro-prudential oversight?
• Highlights a number of areas where challenges remain for statisticians trying to create systems to enable monitoring of risks in the financial system
• However, he noted that data challenges “would be far more modest”, and the need for supervisors to collect information would be reduced, if the level, quality, and consistency of public disclosure “were more satisfactory.”
• Speech by Mario Draghi (president of the ECB): Statistics to deliver price stability and mitigate systemic risk
• Speech by José Manuel González-Páramo: Future challenges for central bank statistics

• Speech by Christine Lagarde (MD, IMF): IMF/CFP Policy Roundtable on the Future of Financial Regulation

• Speech by Paul Tucker (BoE): Credit conditions for firms: stability and monetary policy
• “On the one hand, we all need to be attentive to the effects that easy monetary policy globally can have on risk-taking behaviour.  On the other hand, financial regulators cannot afford to focus exclusively on the health of individual banks and dealers as though they were isolated atoms ...  The FPC is about filling the space between monetary policy and microregulation.”