The Risk and Policy Analysis Unit (RPA) conducts research and analysis to support the Federal Reserve System's supervisory efforts, the System's development and implementation of regulatory policy, and the System's formation of monetary policy. The RPA has made significant policy contributions to operational and credit risk studies in support of the new Basel II Accord.
The RPA has supported efforts to finalize the treatment of operational and credit risk in the Basel II Accord by analyzing various quantification techniques, investigating domestic implementation challenges.
The RPA also participates in the bank supervisory process by providing expertise in emerging industry practices on operational and credit risk management and quantification methodologies for large, complex and specialized banking organizations that are or will be expected to utilize sophisticated quantitative techniques to measure and allocate capital for both operational and credit risk.
In addition, the RPA contributes to policy deliberations by analyzing information obtained through the supervisory process regarding the condition of the banking industry and broader credit markets and researching the interrelationships of financial sector conditions and the macroeconomy.
Cross-Sectional Factor Dynamics and
by Doron Avramov, Satadru Hore
Macroprudential Policy: Case Study from a Tabletop Exercise
by Tobias Adrian, Patrick de Fontnouvelle, Emily Yang, Andrei Zlate
Macro-Finance Linkages: Papers and Presentations
Federal Reserve Bank of Boston, October 3-4, 2014
Bank Deregulation and Racial Inequality in America
by Ross Levine, Alexey Levkov, and Yona Rubinstein
Knightian Uncertainty and Interbank Lending
by Matthew Pritsker
The Stability of Prime Money Market Mutual Funds: Sponsor Support from 2007 to 2011
by Steffanie A. Brady, Ken E. Anadu, and Nathaniel R. Cooper