Financial Stability
SSM results could come out early if severe weaknesses are found
Sabine Lautenschläger said today the results of the ECB's assessment of eurozone banks' health could be released early in the case of ‘severe weaknesses'
Danish faster payments system sees limited uptake
Danish central bank annual report on payments systems finds disappointing uptake of an offer to settle customer payments faster; says CPSS/Iosco compliance should be ensured
'Normal environment' still far off, says Flug
Israeli governor says country's modern central bank law 'internalises global crisis lessons' and includes support for financial stability in mandate
Hungarian central bank says solution must be found to FX household debt crisis
Financial stability report says situation can only be resolved by a definitive move that will apply equally to performing and non-performing debtors
Target2 values drop by €150 trillion as ECB changes statistical methodology
European Central Bank excludes overnight deposits from data sample; values processed by Target2 drop from €643 trillion in 2012 to €493 trillion in 2013 as a result
Euro Retail Payments Board sets out work plan in wake of Sepa migration
The board creates two working groups in its first meeting; one on post-migration issues, the other on finding Europe-wide solutions for securing electronic mandates for direct debits
Romania governor backs banking union as ‘substitute' for fiscal union
National Bank of Romania governor is prepared to take his country into the single currency despite the lack of a fiscal union without which monetary union 'cannot function properly'
PBoC favours London as offshore RMB hub, says leading Chinese banker
The Chinese government and central bank 'think very highly' of London, says top Chinese banker who predicts the City will play a key role in renminbi internationalisation
EC tackling final questions on CCP resolution
The European Commission is drawing up proposals on the recovery and resolution of CCPs, but a number of tricky questions still have to be answered
MMA governor: Maldives has 'unprecedented opportunity' to put economy in order
Azeema Adam says the Maldives Monetary Authority is reviewing regulations in a bid to unburden country's financial sector
Islamic investors must expand out of real estate, says Bahraini central banker
Abdul Rahman Al Baker says it is critical for Islamic financial institutions to better understand clients' needs
Central Bank of Kuwait puts own building on new banknote
Banknote series unveiled yesterday will come into circulation on June 29; new features include raised print to help blind people tell which note they are holding
Coeuré calls for further progress to single capital market
ECB board member Benoît Cœuré tells International Capital Market Association that price convergence alone will not signal the end of eurozone capital market fragmentation
Banxico deputy says free trade deals will boost medium-term growth
Javier Guzman says Mexico has 'tariff-free access to a potential market of more than a billion consumers and 60% of world GDP'
Governors launch East African Payments System
East African Community presents new market infrastructure and plans to boost currency convertibility; Kenyan governor sets out monetary policy priorities for the region
Mersch: regional currencies are flawed
ECB executive board member warns that regional money can hamper trade between different parts of the country, while costing commercial partners the opportunity to grow
Thailand governor insists economy is nearing turnaround
Bank of Thailand’s Prasarn Trairatvorakul admits he can do nothing to resolve political uncertainty in the country, and focuses on how to support eventual economic rebound
Mexican deputy says financial system must be broadened and deepened
Bank of Mexico deputy governor Manuel Sánchez says the country's financial system must extend its reach geographically and across income strata
Canada deputy urges pension funds to join clearing service
For repo and derivatives transactions, central counterparties reduce common counterparty exposures and systemic risk, Lawrence Schembri argues
Ingves says responsibility for liquidity risk management lies with banks, not regulators
Basel Committee chairman says banks must develop controls to help them manage the liquidity risk that is inherent in their activities of maturity transformation
CLS says it will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
RBNZ remains uncomfortable with house prices
Reserve Bank of New Zealand will maintain its ‘speed limit’ on mortgage lending with high loan-to-value ratios until the housing markets ‘comes into better balance’
Risk of dealers exiting from market-making 'much reduced', says BoE's Cunliffe
Bank of England deputy governor for financial stability says prospective UK leverage ratio framework 'could include power to vary ratio to counter macro-prudential risks'