Financial Stability
Activity-based regulation will not guarantee level playing field – BIS paper
Authors propose framework to clarify use of entity- and activity-based regulations
Central bank boards often used for stability decisions
Institutions from high income countries most likely to give stability remit to boards
UAE central bank issues guidance on politically exposed persons
Measures build on AML/CFT requirements following FATF greylisting in March
RBA hits out at further delay to new clearing system
Blockchain-based system for Australian Stock Exchange won’t be operational until at least late 2024
More depositors in Henan and Anhui to have frozen funds repaid
Chinese authorities announce repayments for depositors with savings of up to 250,000 yuan
Taiwan governor says ‘no need to worry’ about capital outflows
Yang Chin-Long says Taiwan has sufficient foreign reserves to handle potential FX volatility
BoI reshuffles banking supervision department
Heads of division will switch positions in a bid to foster new thinking
Is the US heading for stagflation?
US academics weigh up the risks – and whether the Fed can avoid the worst outcomes
MAS to consult public on regulating stablecoins
Chairman says central bank will consider reserve requirements for stablecoin issuers
Central Bank of Oman warns of climate risks to financial stability
Physical and transition risks identified in the oil-exporting country
South Africa risks FATF sanction as legacy of state capture endures
Central bank finds thousands of bank clients have missing citizenship and incorporation data
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
Chinese regulator urges banks to fund housing projects
Some analysts argue it is time for Beijing to intervene more forcefully