Financial Stability
Banks must fix gaps in climate stress tests – Elderson
ECB supervisor says risks once thought remote are moving closer to becoming tomorrow’s baseline
FSB outlines principles to guide regulatory ‘modernisation’
‘We have not seen people implement our recommendations and then move back,’ says John Schindler
AI, debt and cyber risk threaten financial stability – IMF
Combination of risks ‘may have much broader systemic implications’, says institution’s Vamvakidis
Stablecoins could let US firms prioritise some creditors – study
FDIC may be on hook if a bank issues coins before failing, Cleveland Fed researchers say
FSB calls for ‘urgent action’ on public liquidity backstops
Many jurisdictions at risk of having to ‘improvise under pressure’, report says
Navigating non-linear outcomes of financial inclusion policies
The complex, non-linear socioeconomic effects of financial inclusion require broader, mixed-method two‑tier evaluations focusing on real livelihood outcomes and context, argues Ashish Srivastava
Fed to overhaul supervision along regional lines
Bowman says restructuring aimed at implementing ‘culture of accountability’ following SVB collapse
Pacific series: PNG’s governor on 40 years at the central bank and her plans for its future
Elizabeth Genia speaks about reaching remote communities, FX, green finance and leadership
As NBFI sector grows, so do its risks and benefits – Knot
Former FSB chair discusses implications of sector’s increasing dominance
Kansas City Fed warns of long-term AI financing risks
Highly leveraged entities may cause financial stress to spill over to broader economy
IMF flags gaps in Somalia’s financial reform efforts
Fund notes progress, but says central bank should go further to safeguard stability
Divergence from global cycles gives Asia policy room – Amro
Change may allow Asean+3 central banks to focus on domestic rather than global conditions, report says
BIS’s Hernández de Cos on AI, non-bank risk and tokenisation
General manager talks about how the BIS is navigating a complex global environment
RBA says stability risks mainly come from abroad
Bank’s finstab report says financial system resilient but points to AI and geopolitical concerns
Canada fights stigma over standing liquidity facility
Deputy governor outlines new plans for repo operations and central clearing
Supervisors must co-operate internationally – Elderson
ECB board member warns emerging risks to stability demand joint response from regulators
Bailey calls for AI kill switch ahead of regulation
FPC says technology is escalating financial stability risks and making them more intertwined
Modernisation can ‘free supervisors to think’ – Thedéen
Basel Committee chair says multidisciplinary teams are necessary to track ‘ever-changing’ system
Podcast: Cyber security threats to financial stability in the age of AI
Nation-state espionage, malware and ransomware but with agentic AI swarms
Goodhart and Pradhan on the end of monetary independence
The unanchored central banker authors speak about how ageing populations, soaring healthcare costs and rising fiscal deficits will force central bankers to compromise on inflation targets and bail out indebted governments
Book notes: The unanchored central banker, by Manoj Pradhan and Charles Goodhart
A book sparkling with provocative opinions that challenges readers to rethink central banking amid evolving macro trends