Changing Landscapes for Central Banks and Financial Regulators

Download Discussion Note

This discussion note is an extended version of the introductory comments shared by the author at a CEP roundtable on “Governing Finance and Sustainability” in January 2019. It addresses in order the four issues raised in the convening’s agenda. First, what are the historical origins of the current consensus on central bank and regulatory mandates, governance and instruments? Second, what are the underlying assumptions? Third, to what extent should these assumptions be reviewed? Fourth, what are the implications of such a review for central banks and regulators?