Financial Stability
Croatian central bank moves towards “close cooperation” with ECB
Draft law forms part of process for joining European single currency
Zambian president makes deputy governor finance minister
New finance minister must tackle large debt burden, rising inflation and falling growth
Bank of Tanzania removes CEO of state-owned TIB Bank
The IMF has flagged the high levels of non-performing loans in the banking sector
Regulators need ‘stick and carrot’ to deal with NPLs – BoI paper
Optimal policy combines capital transfers and NPL disposals to wipe out owners’ rents – researchers
ECB paper presents new approach to modelling LTV caps
Agent-based model’s results show “subprime” segment to eurozone housing markets – researchers
UK to consider curbs on funds’ daily liquidity
Mark Carney says BoE officials are “disappointed” by limited global progress on issue
Mobile lending poses threat to financial stability – Kenyan governor
Njoroge says unregulated digital lenders could ‘bring down entire financial sector’
US regulators loosen Volcker Rule for small banks
Regulators resist political pressure to reduce regulation on larger banks’ investments
Bulgaria a case study in effective prudential policy – BIS’s Carstens
Country was early adopter of macro-prudential policy, which helped manage capital flows, Carstens says
Fed weighs reforms to stress tests
Powell says tests must evolve; Quarles and Fed watchers present potential improvements
Bank of Spain paper examines post-crisis US bond markets
Volatility is less persistent but more frequent than before global financial crisis, researchers find
‘Stop talking about rules’ – Basel’s Coen
The Basel Committee’s top staffer is moving on – and he wants finance to do the same
Bangladesh central bank to wind down allegedly “corrupt” finance firm
Central bank report claims management stole large sums from depositors
The twilight of banking supervision
Supervision of banks in Europe has deteriorated
‘Fintech shadow banks’ shaping global credit – Amit Seru
Regulators need to pay more attention to shadow banks, Stanford professor says
RBI steps up liquidity support amid government credit push
Government launches credit guarantees for public sector banks that lend to non-bank financial firms
Mongolia must reform banks to receive IMF aid
Central bank must make sure banks raise all needed capital, IMF team leader says
BIS to set up three fintech innovation hubs
Central banks will work with industry in Hong Kong, Singapore and Basel
Nigerian central bank pushes for increased lending
Banks must lend money or face higher cash reserve requirements
BIS papers weigh up ongoing risks to global stability
Papers from 2018 AGM include contributions from Forbes, Tucker, Gourinchas and Rey
US bank supervisor creates new division for largest banks
New FDIC division offers simplified structure that fosters greater collaboration, chairman says