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ECB's Praet calls for rule-based triggers in macro-prudential action

By James Crisp and John Rega ( November 25, 2011, 11:21 GMT | Insight) -- European Central Bank executive board member Peter Praet called for automatic triggers in bank rules linked to economic conditions, to make macro-prudential tools more effective in preventing crises. Currently, decisions like the adjustment of capital requirements are left to national authorities.Brussels – European Central Bank executive board member Peter Praet called for automatic triggers in bank rules linked to economic conditions, to make macro-prudential tools more effective in preventing crises....

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