Financial Stability
UK regulators weigh rules for ‘operational resilience’
Under proposals, firms will be expected to demonstrate their preparedness for operational issues
Signs of US banks’ year-end funding concerns continue
New York Fed’s second 42-day term operation oversubscribed by $18 billion
Eurozone bond purchases work as stabilisation tool – BoI paper
Researchers simulate effectiveness of sovereign bond purchases against both real and financial shocks
ECB paper examines low inflation’s impact on Asia
Researchers study impact of downside inflationary shocks on 12 of region’s largest economies
Argentine governor resigns before new president takes over
Guido Sandleris calls for economic consensus and central bank independence to tackle high inflation
Fed’s supervision may have added to repo turmoil, Quarles says
Fed will re-examine effects of supervisory approach, vice-chair tells US lawmakers
RBNZ to impose 18% capital ratio on big banks
Central bank finalises plans for substantial increase in minimum capital requirements
Nigerian central bank levies $1.3 billion on banks
Banks were fined over failure to increase lending to 60% of deposits, say local sources
Elsie Addo Awadzi on turning around Ghana’s banking system
The Bank of Ghana led a multi-pronged effort to rescue or resolve several banks and hundreds of smaller firms
NY Fed’s Stiroh: ‘More work to be done’ on bank culture
Kevin Stiroh discusses progress in reforming banking culture and how technology is changing the risk management equation for both firms and supervisors
Slovakian government extends bank tax despite ECB warnings
ECB and Slovak central bank warn increased bank levy could endanger financial stability
MAS urges vigilance amid rising risks
MAS flags leverage risk in businesses tied to trade and property, as risks to global financial stability rise
IMF chief calls for climate-related stress tests
Fund will work more closely with central banks to tackle climate risks, Kristalina Georgieva says
Government cannot ‘grab’ central bank’s resources – Njoroge
CBK governor reiterates central bank-funded bailouts “never work”
Banks could be stuck with riskiest corporate loans during downturn – Fed paper
Researchers say loan syndication may leave banks unable to offload leveraged debt in downturn
IMF praises Haitian central bank but warns of ‘unprecedented crisis’
Central bank and finance ministry’s efforts are damaged by failure to form government – IMF staff
Weak data on sustainable assets threatens financial stability – Sarb
Industries' vulnerability to climate-related risk is unknown, South African central bank says
Indonesia’s central bank pledges major infrastructure changes
Five-year plan aims to upgrade payments infrastructure and boost inclusion rates
Will the ECB make climate change a policy goal?
Weidmann declared strong opposition to “green QE” as climate groups call on Lagarde to shift policy
Enria proposes more change for eurozone stress tests
New framework would include macro view, but will not be ready until 2022
Canada’s fiscal stimulus worth 100bp of rate cuts – Poloz
Infrastructure investment has also helped to reduce financial vulnerabilities
China should bolster macro-pru framework – IMF paper
Lack of accurate credit information weakens macro-prudential measures, researchers say