BWC would like to welcome new member Axel Weber, president of the Center for Financial Studies. Axel has also been the director of the CFS, and he has been a senior fellow since 2011.

"The International Monetary Fund should be at the centre of the arrangements for international financial surveillance," argues BWC member DeLisle Worrell.

This week, we welcome our newest member, Michael McRaith, vice chair of insurance solutions at Brookfield. In this role, he participates in all aspects of Brookfield’s global insurance operations.
 

Central banks should become "more flexible in their interest rate decisions to calm down equity markets," while at the same time communicating "their commitment to bring inflation under control over time," argues BWC member Hung Tran.

According to Samim Ghamami of BWC member SOFR Academy, credit market stress has macroeconomic consequences. In this SOFR Academy Research Note, Ghamami shows that LIBOR-SOFR transition might worsen these macroeconomic consequences.

The collapse of Silicon Valley Bank (SVB) on March 10 was a failure that should not have occurred. A confluence of factors involving regulators, SVB management, and its depositors came together in an adverse way to bring down the bank.