Financial Stability
SRB should publish banks’ MREL requirements – EBA’s Enria
But market abuse rules need amending to avoid SRB disclosing confidential resolution actions
Venezuela says it will drop US dollar for euros
Maduro government’s plan cannot succeed, expert says
Inflation expected to reach 10% in Malawi
Rising electricity, food and fuel prices forces inflation well beyond central bank target
Basel Committee finalises streamlined stress-testing guide
Updated principles reflect “rapid evolution” of stress-testing since 2009
Regional financing bodies agree to deepen co-operation
All three major regional financing funds now linked by MoUs
Ghana’s central bank ramps up cyber effort
Central bank launches new directive and security operations centre
Exchange chiefs back Giancarlo in tussle over CCP oversight
CFTC may block US CCPs from acceding to EU supervision
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal methodology, Swift says
Fraud growing faster than non-cash payments, Fed finds
Cases of payments fraud are getting smaller but more common, survey finds
Financial regulation reform must not stop, Olli Rehn tells IMF
Foreign-denominated lending may threaten emerging markets, Finnish governor warns
FCA sets out stance on climate change
Firms may be asked to publicly disclose how they manage climate risk
Emerging market governors back targeted capital controls
Governors says capital flow measures can be important tools in some circumstances
Draghi warns of dangers of ‘cliff-edge Brexit’
ECB president says some governments are endangering central bank independence
RBI’s Acharya stresses need for ‘prompt corrective action’
Tool allows supervisors to intervene early and should discipline bank managers, deputy says
BoE to demand senior financiers tackle climate risks
Proposals from PRA would hold senior managers accountable for climate change risks
Central Bank of Ireland details updated financial buffers framework
Central bank incorporates risk simulation over five-year horizon
Stress tests are ‘most significant’ regulatory outcome of crisis – Hirtle
New York Fed official says stress tests created “safe environment” for banks to raise capital
Investigation takes aim at KPMG for mishandling South African bank
“Looting” of troubled VBS would not have been as bad had auditor acted lawfully, report finds
Macro-prudential forex rules may shift vulnerability – BoE paper
Study of forex rules finds they may succeed in their primary goal, but shift risks elsewhere