Financial Stability
Australia rolls out revised cyber testing regime
‘Corie’ programme reflects the scope and long time horizons of state-sponsored hackers
Chinese authorities repay more depositors amid banking scandal
Analysts say the banking crisis in Henan and Anhui could precipitate more rural bank runs
PBoC aims to raise $150 billion for property bailouts, reports say
Chinese central bank wants state-owned lenders to leverage cheap loans to fund developers
Ukraine seeking $15 billion IMF loan, NBU governor says
Supreme court backs central bank against oligarch in bitter dispute over banking clean-up
Hong Kong raises key interest rate by 75 basis points
HKMA chief warns consumers over mortgages as finance chief says housing market is “resilient”
Eurozone needs macro-prudential tools for climate change, says ECB
Regulators are struggling to address climate change risks, joint ECB-ESRB report finds
PBoC to set up property bailout fund, reports say
Chinese central bank ‘to contribute at least $7.4 billion’ to aid crisis-hit housing sector
CBDCs could limit bank runs, US paper argues
Digital currency could make policy-makers better able to handle banking panics, say researchers
UK government proposes ‘competitiveness’ mandate for BoE
Measure proposed despite IMF warning that it could clash with financial stability mandate
Lebanese prime minister ‘ready to replace governor’ after police raid
Investigating judge fails to find Riad Salameh, as PM says parties must agree on new governor
DNB fines Binance for ‘grave’ regulatory breach
Netherlands sanctions exchange over failure to register, but other regulators are more welcoming
Corporate debt is a growing threat to financial stability
Policy-makers need to take action as tighter financial conditions risk tipping firms into distress, says Pedro Duarte Neves
Chinese regulator urges banks to fund housing projects
Some analysts argue it is time for Beijing to intervene more forcefully
Rethinking regulation of the modern financial system
Bank of Italy’s Maurizio Trapanese writes that rules need to address uncertainty as well as measurable risks, entity types as well as activities, and should not be overly complex
BoE’s Saporta floats idea of countercyclical liquidity buffer
Design of Basel III rules may be causing banks to hoard capital and liquidity, official says
Knot says financial stability risks are growing
FSB chair says emerging economies are particularly vulnerable as financial conditions tighten
US experts believe inflation will fall, eventually
CPI inflation surges above consensus forecasts, but economists expect a turning point soon
Sri Lankan governor warns of danger to IMF deal as chaos mounts
Weerasinghe says talks over IMF bailout package must continue, as president tries to flee country
Chinese authorities step in amid banking crisis in Henan
Promise to repay depositors follows violent clashes between account-holders and local security officials
BoE’s Woods dismisses calls to weaken Solvency II reform
Deputy governor admits matching adjustment remains a “point of contention” with industry
CPMI creates framework for linking payments
Linking and use of APIs could cut need for long chains of correspondent banks, report says
Europe’s banks must change climate risk approach, ECB says
ECB’s first climate change stress test finds 60% of lenders lack stress-testing frameworks
BoJ to study impact of CBDC on bank deposits
Report says safeguards needed to prevent possible “rapid shift” from bank deposits to CBDC
Big tech links are ‘policy blind spot’, says FSI
Basel-based institute says tech firms are “increasingly intertwined” with financial sector