Financial Stability
RBA paper looks at responses to liquidity crises
Penalty rates to contain risk-taking are more effective on long-term loans, study finds
BoE FPC: Markets may ‘jump to illiquidity’ if stressed
Debt and “structural illiquidity” could amplify global shocks, warns committee
Philippines mulls won-peso bilateral trading
Move aimed at shifting trades away from US dollar
Big tech: a threat to banks?
The explosive growth of financial services offered by big tech companies in China offers important lessons
IMF chief sends strong warning on trade in first speech
US-China trade war could cost global economy the GDP equivalent of Switzerland, Kristalina Georgieva warns
HKMA dismisses cash limit rumours as tensions escalate
Emergency laws will not affect cash withdrawal or capital flows, HKMA says
Eurozone supervisors voice concerns over AML regime
Fintech creates opportunities for both authorities and money-launderers, agencies warn
BSP’s Diokno on forward guidance and cutting reserves
The Central Bank of the Philippines governor speaks to Christopher Jeffery and Alice Shen about fintech, efforts to wean Asia off the US dollar, and why he wants to cut policy and reserve requirement rates
RBA flags low profitability of life insurance industry
Australia’s financial industry faces long-term challenges in managing climate change risks
Palestine’s Shawwa unveils microfinance initiative
Sector is a “central pillar” of Palestine’s financial and social stability, PMA governor says
Eurozone bail-in regime has not widened bond spreads – ECB paper
Wider financial and economic environment play key role in determining bond spreads – researcher
Bank bailouts increase firms’ default risk – Bundesbank paper
Paper looks at effects on non-financial firms of recent German bank defaults
Brazil’s central bank gains powers to license foreign-based banks
Central bank says it will speed up entrance of foreign-owned firms to banking sector
RBI tells public ‘no need to panic’ as mid-sized bank fails
Central bank seeks to quell fears of a second round of trouble after collapse of PMC Bank
Some financial market fragmentation helps stability – BIS paper
Different types of market fragmentation have different trade-offs, researcher says
Protracted low rates demand solid macro-prudential frameworks – Claudia Buch
Bundesbank vice-president says nature of monetary union demands strict surveillance
Bank of Korea warns of worsening financial stability as exports fall
More rate cuts expected as South Korean exports fall for 10 consecutive months
Māori business principles support stability, says RBNZ’s Orr
Collectively-owned businesses are more stable, but many struggle to access capital, governor says
Eurozone should re-think stress tests, Enria says
Top ECB supervisor suggests splitting tests to make them simpler and less costly
UK watchdog unveils curbs on illiquid funds
Some open-ended funds will now have to make contingencies for stressed market conditions
IMF warns Ukraine to protect central bank independence
Governor calls for end to pressure on reformers as court reinstates senior official
Corporate debt levels would amplify downturn, Brainard warns
CCyB should be used when stability risks are inconsistent with dual mandate, governor says
Banque de France research takes fresh look at eurozone interbank markets
Secured interbank markets not bounded by ECB’s deposit facility rate, results show
Mortgage caps can be higher for insured borrowers – DNB paper
Loan-level data from Netherlands shows insurance cuts risk of non-performance, say researchers