Despite the fancy new moniker, macroprudential policy tools are nothing new, according to a new paper that shows U.S. regulators haven't actively used such tools since 1992, but “prior to that they were in frequent use and a commonly accepted part of the policy toolkit.”
International financial regulators have made limited progress on dealing with the failure of a large, complex financial firm with global operations five years since the onset of the 2008 financial crisis, Fed and other top regulators said.
A majority of European investors believe the worst of the euro-zone crisis isn't over yet, with weak economic growth prospects the central concern, a survey by Fitch Ratings said Monday.
Advanced economies tend to draw attention at the government and household levels. But emerging markets are gathering debt at an increasing pace to drive their economic development.
Americans cut their credit-card debt in March, a sign some consumers are cautious about the sluggish economic recovery. But total debt increased due to jumps in student and auto loans.
ECB President Draghi said high-debt countries in the euro zone can't afford to backtrack on the progress they have made in keeping their public finances in check.
