Financial Stability
Kazakhstan scraps FX rule for state-affiliated companies
Requirement for proceeds to be sold domestically was implemented when Ukraine war led to depreciation
Data quality is main focus for improved supervisory reporting
Supervisors with high level of automation rate submissions more highly, but quality still an issue
Vietnam tracks towards credit growth target
Central bank deputy governor says lending grew by around 7.4% in first six months of year
Kenyan president signs new central bank law
Amendment provides framework for institution to offer emergency liquidity assistance
BoE proposes lower bank leverage ratio amid rising market risks
FPC warns that pace of AI investment is ‘unprecedented’ and sovereign debt is ‘historically high’
Less than third of supervisors ran resolution exercise in past year
But most in Europe and Americas have dedicated resolution team
Soledad Núñez on the future of European financial stability
Spanish deputy governor discusses global regulation and lessons from extreme weather
ECB’s T2 suffers second ‘incident’ as Euronext reports outage
Euro and krone T2 settlements queued for 30–40 minutes following system update last month
Half of jurisdictions practise collateral pre-positioning
Most believe banks in their jurisdictions are ready to access emergency central bank liquidity
Banque de France’s Denis Beau on supervisory reform
The Banque de France’s deputy governor speaks about suppression of the systemic risk buffer, proposals for a TLAC floor, and simplifying bank regulation and resolution
BoE paper builds ‘house price-at-risk’ framework
Quantile regression method can shed light on tail risks at regional level, author says
Co-ordination key to alleviating tokenisation risks – IMF official
When activity is on shared ledgers, governance failures become systemic risks, Tobias Adrian says
Private credit ‘probably closer’ to end of cycle
Risk managers say regulatory scrutiny, such as BoE’s Swes, is justified
Asean’s expanding and evolving swap lines
The Asian trade bloc – with and without China, Japan and South Korea – wants to strengthen emergency liquidity support
AI poses risk to global financial stability – RBI
Technological disruption and geopolitical fragmentation are reshaping financial system, says governor
Agentic AI’s ‘step change’ poses systemic cyber risks – Breeden
Supervisors should stress-test multi-firm disruptions as models evolve, BoE deputy governor says
Mervyn King on his career and big ‘mistakes’
The former BoE governor speaks with Christopher Jeffery about the value of transparency, lessons from the GFC, the need to track broad money and tie short-term funding to haircut collateral, and danger presented by non-banks
BIS warns of stability risks from ‘fiscal-financial nexus’
Report sounds alarm over public debt and NBFIs’ role in bond markets, as de Cos calls for immediate action
ECB scraps 40 supervisory publications in simplification push
Revised guidelines should make bank’s expectations clearer, says vice-chair of its supervisory board
Libya says cyber security incident under control
No indication that customer accounts have been compromised, central bank says
BSP extends relief to lenders affected by Iran conflict
Central bank allows Filipino lenders to exclude losses on peso bonds caused by market volatility