News/Financial Stability
UK regulator ‘welcomes’ Metro Bank capital injection
Colombian banker becomes majority shareholder of struggling lender
Iraqi central bank denies it will ban all dollar cash transactions
Official says he was misquoted as dollar shortage worsens amid US-Iraq tensions
South Sudanese president fires sixth governor
IMF praised central bank policies in May as country’s economic crises grow
Central banks of UAE and Egypt agree currency swap
Latest currency support move by UAE comes amid mounting pressure on Egyptian pound
IMF says Somalia is on track to reach major debt deal
Agreement with Russia would unlock relief, governor says
BoE begins work on non-bank emergency backstop
Central bank planning to roll out facility to insurers and pension funds as first step
BoE presses ahead with contentious insurance reforms
Changes to matching adjustment juggle competing priorities from government, firms and regulator
MAS defends AML supervision in wake of billion-dollar scandal
Credit Suisse, Citi, DBS and Deutsche Bank among firms implicated
Hong Kong regulator to publish more crypto information
Securities and Futures Commission reverses stance amid police investigation into crypto exchange
Iraqi central bank bans use of dollar for internal transactions
Move comes as tension with US over money laundering and Iran causes growing dollar shortage
Policy-makers should shun ‘black box AIs’, Fed’s Cook warns
AI could displace jobs while raising productivity, Federal Reserve governor says
Chinese developer says regulators’ conditions prevent new debt issue
Pressure grows on Evergrande to restructure estimated $328 billion debt amid property sector crisis
Carney derides UK ex-PM’s economic policy
Former BoE governor says cutting taxation does not automatically lead to growth
FSB proposes global standard to tackle failed CCPs
Report warns authorities not to rely on any single tool but adopt a “toolbox approach”
Chinese police detain financial firm’s staff
Move came after property giant Evergrande’s financial arm missed payments for investment products
US ‘bitcoin ATM’ industry growing despite risks, research finds
Remittances are big driver of bitcoin-to-cash ATMs, but industry is predatory, paper warns
Hong Kong regulator moves against crypto exchange
SFC says JPEX is not regulated to trade in city as police arrest influencers linked to firm
Banks increasingly reliant on ‘flighty’ finance, BIS finds
Money market funds are taking on an even greater role as funding sources, research says
Aruba accuses Curaçao of regulatory failings
Spat between central banks comes amid ongoing problems with troubled insurer Ennia
PBoC cuts reserve requirement ratio but holds policy rate
Data shows some improvement in demand but continuing property sector problems
Debt levels are likely to start rising again, IMF warns
China playing major role in debt growth, as low-income countries face worse risks, analysts say
ECB criticises Italy’s windfall tax on banks
Central bank warns measure could hamper monetary transmission and weaken lenders
NGFS launches framework on nature-related risks
Guide aims to create common approach for central banks and supervisors
Non-banks taking on significant ‘hidden leverage’, FSB warns
Off-balance-sheet positions have grown, but data on many parts of the system is poor