News/Financial Stability
Global Money Week aims for better money sense
OECD event aimed at boosting financial literacy receives attention in central and eastern Europe
Supervisory resources ‘more stretched’ in major finance centres
Calls for better banking supervision need to be matched with sufficient resources, FSI study says
ECB to explore nature-related risk in environmental plan
Climate change and biodegradation are “two sides of the same coin”
Malaysian central bank rebukes Google for exchange rate error
Google Malaysia says faulty exchange rate data came from third party and apologises for the error
Ukrainian central bank cuts rates
Pyshnyy welcomes falling inflation, foreign exchange stability and prospect of renewed aid
PBoC holds key policy rate
Central bank holds off easing amid yuan weakness and banks’ narrowing margins
EU watchdogs to launch prop trader capital review in April
Prop traders say bank-style IFR rules are driving them out, but doubt EBA will suggest changes
ECB unveils new monetary policy framework
Move will see central bank make cheaper loans to eurozone lenders as it shrinks its balance sheet
BoE official reveals details of non-bank backstop design
Bank intends to activate mechanism in crises only, despite firms’ call for standing liquidity facility
UK floats plan to seize Russian central bank assets
Foreign secretary says country is prepared to act without all its Nato partners
Fight against money laundering must continue, Somali official says
Somali central bank aims to enhance transparency over financial flows, says deputy governor
Hong Kong eases homebuying curbs to support real estate market
HKMA relaxes mortgage rules and government removes cooling measures
Legislation needed to break non-bank deadlock – BIS’s Borio
Panellists at BoE event highlight array of shortcomings with regulatory framework
Belgian governor calls for rethink of EU climate policy
Transition to lower-carbon economy will create losers as well as winners, Wunsch says
EU isolates frozen Russian central bank interest
European leaders are divided over using Bank of Russia assets to fund Ukraine’s defence
Eurozone rate cut is ‘fast approaching’, says Panetta
Bank of Italy governor warns that delaying looser policy could lead to financial instability
US loan delinquency rates ‘rising across the board’ – NY Fed
Rising household debt burden ‘merits monitoring’ in months ahead
FX losses mount after Argentina’s devaluation
Citi, Adidas among those taking hits totalling over $3.3bn in Q4 as dealers cite lack of hedging tools
Chinese government replaces head of securities regulator
Move follows pledge by authorities to stabilise markets in wake of share selloffs
Iraqi central bank blocks dollar access to eight lenders
US official praises “progress” but says some Iraqi lenders are still breaking sanctions on Iran
PBoC steps up funding for development projects
Central bank injects 150 billion yuan amid slew of government measures to bolster property sector
BoJ policy-makers signal end to negative rates
Summary of meeting shows board members see higher chances of achieving virtuous wage-price spiral
China pulls report on merger of ‘bad banks’ with SWF
Tie-up could help separate government’s roles as regulator and shareholder in managers of bad debt
Italian governor concerned over Russian asset seizure, officials say
Panetta says renminbi has overtaken euro as international currency since Russia invaded Ukraine