Financial Stability
Malaysian central bank slams Ice and SGX over ringgit futures
Making them available offshore goes against foreign exchange rules, says Bank Negara Malaysia
European insurance resolution needs major reform – ESRB
Insurance sector’s contribution to systemic risk has increased but tools are insufficient, report says
RBI closes in on ‘endgame’ in bank clean-up
Governor Urjit Patel says central bank’s new powers have allowed it to overcome “severe” moral hazard problems
IMF paper explores sustainability of price rises in Colombia
House prices have increased more than 110% in real terms in major cities; houses just 13% overvalued
Russian central bank alleges criminal behaviour at several closed banks
Bank of Russia closes five banks and reports shortfalls or malpractice at four more
Denmark’s central bank proposes reforms to mortgage credit market
National Bank of Denmark suggests increasing competition between mortgage banks and other institutions
Banks are scrambling to hit IFRS 9 deadline – survey
Many banks appear to have been caught off-guard by the complexity of adapting to IFRS 9
Sarb expands financial supervision
Deputy governor explains Sarb’s new financial supervisory structure
RBA payments board backs ‘digital identity’ for Australians
Board encourages payments industry to work on framework for online transactions
Philippines sees strong ‘hot money’ inflow despite currency weakness
Net inflow of foreign portfolio investments into Philippines hits six-month high, in contrast to weakness in peso
Archive – Interview: Allan Meltzer
Robert Pringle talks to Allan Meltzer about reform of international development associations; first published in February 2003
China’s current credit trajectory is ‘dangerous’, IMF warns
Fund revises up China’s GDP growth forecast, but warns debt-fuelled growth is unsustainable
Regulators wary of machine learning in bank models
Banks acknowledge they “cannot hide behind a complex tool” to assess interconnectedness
Ghanaian central bank closes two commercial banks
IMF staff called for action in February over problems at some commercial banks
Fed’s Fischer criticises efforts to unwind banking regulation in the US
The economist describes attempts to reduce capital standards as “extremely dangerous and extremely short-sighted”
RBA’s Kent warns mortgages are still risky, despite offsets
RBA assistant governor says use of offset accounts does not remove the need for tighter lending standards
PRA’s tough line on Pillar 2 disclosure divides lenders
Watchdog seeks to level playing field with public disclosure of total capital requirements
Bank resolution regime rolls out in Hong Kong
HKMA chief outlines how the new bank resolution regime can end the use of taxpayers’ money in case of a bank failure
Maltese banks’ assets rise as loans fall, central bank says
Assets pushed up by growth in mortgage and placements with eurozone banks
Islamic State looted $800m in funds, says Iraqi central bank
IMF says central bank cannot avoid financing government deficit