We held an introductory discussion on central bank monetary policy, focusing on the surprise announcement of major quantitative easing actions by the Bank of Japan. After a brief discussion of the reform of money market mutual funds, we turned to the main topic of the day, a presentation of a recent proposal by the Squam Lake Group (of which I am a member and co-author) on regulatory compensation policies for systemically important financial institutions.
We held an introductory discussion on central bank monetary policy, focusing on the surprise announcement of major quantitative easing actions by the Bank of Japan. After a brief discussion of the reform of money market mutual funds, we turned to the main topic of the day, a presentation of a recent proposal by the Squam Lake Group (of which I am a member and co-author) on regulatory compensation policies for systemically important financial institutions.
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