Financial Stability
Most central banks cannot bring criminal charges against banks
But 87.5% of institutions report they can refer these charges to other public institutions
Vietnamese government tells central bank to draft fintech rules
Move follows central bank warnings of dangers posed by unregulated fintech sector
BDF paper analyses banks’ capital buffers
Researchers suggest new approach to setting banks’ structural and cyclical reserve levels
FCA bolsters investor protection through new campaign
Regulator will become more “assertive and agile” to responding to investment fraud
MAS and RBI to link up payment systems
New linkage will allow for automation of capital controls, say authorities
Fed saved US from even larger pandemic downturn – ECB paper
Unemployment would have risen by 20% more without Fed’s bond buying, researchers find
Villeroy de Galhau calls for banking union to be completed
French governor proposes creation of common deposit mechanism
BoE’s Hauser mulls future of central bank balance sheets
Balance sheets will be bigger but also more variable, executive director says
Hernández de Cos calls for full Basel III implementation
Basel Committee chair says that financial stability depends on adopting reforms
Carolyn Rogers hits back at critics of Basel III
BCBS secretary-general dismisses “very tired” arguments against full implementation
Eurosystem calls for full Basel III implementation
Supervisors say output floor should be implemented through single set of risk-weighted assets
Payments Benchmarks 2021 report – executive summary
Insights into staffing, mandates, oversight and RTGS management
Norges Bank given new macro-prudential responsibilities
Government assigns central bank power to set countercyclical capital buffer
Bolivian ex-governor warns pension law poses bank risk
Current governor has stayed silent on risks posed by measure, former governor Morales says
Kuwait launches new interbank payment system
Transactions will be instantaneous and payment data encrypted, governor says
Indonesian central bank to buy $30 billion debt from government
Central bank will receive below-market yield for most purchases in two-year programme
Norges Bank finishes crisis liquidity support programme
Last loan to banks matures today as central bank returns to pre-pandemic framework
Management failings caused Australian equity trading platform outage
Responsibility for upgrade project was unclear, IBM review finds
Chilean governor opposes new pension withdrawals
Congress considering authorising fourth drawdown as stimulus measure
Myanmar authorities shut banks amid growing crisis, report says
Private banks closed from August 16 to August 22 amid ongoing cash crisis, reports allege
BIS and HKMA start work on green bond infrastructure project
Digital platform based on blockchain aims to improve green bond market’s transparency
Thai regulators aim to create ‘green’ taxonomy
Central bank and other regulators pledge to encourage sustainable investment
Fixing market-based finance: duct tape or deep reform?
Deeper reforms may be needed to avoid stretching central banks’ balance sheets to breaking point