The Financial Stability Board has published a Peer Review Report on deposit insurance schemes which points to the trade-off between financial stability and market discipline, and warns about the dangers of moral hazard.

In a speech discussing the state of US financial reform, Timothy Geithner, the US Treasury Secretary, has stated that bank supervisors must be careful “not to overdo it with actions that cause undue damage to the availability of credit or liquidity to markets.”

The Bank for International Settlements has released a working paper which explores the Latin American lessons from the Global Financial Crisis, with a particular focus on credit growth.

A new working paper published by the International Monetary Fund argues that there remains a divergence between market assessments of risk and regulatory assessments of risk.