Financial Stability
Kenyan central bank toughens cyber security standards
Regulator issues minimum standards for cyber security for payment system providers
Book notes: Digital human, by Chris Skinner
Skinner provides a valuable insight into the challenges banks face as technology continues to permeate further into the financial industry
Bank of England mulls synchronised settlement for new RTGS
Adding new functionality could reduce cost and risks for RTGS participants, BoE says
Bank of Mauritius lowers inflation forecast
Adverse shocks to food prices are subsiding, central bank says
Chinese banks boost lending, official figures show
Overall credit supply grows year-on-year but is outpaced by increase in bank lending
Vietnamese government orders tougher capital ratios for banks
Banking modernisation plan pledges increased central bank independence but is short on details
The battle for cyber resilience
Are global central banks ready to change their approach to cyber security and refocus on contingency planning?
Myanmar central bank formally drops forex trading ‘band’
Central bank follows IMF recommendation and also lowers official exchange rate
Next financial crisis “will be brewing” in shadow banking – Bullard
Fed has limited powers to tackle Silicon Valley threat to financial stability
Ukrainian central bank will order weak banks to boost capital
NBU says it will order recapitalisation and restructuring based on assessment results
Banks ask Fed to delay CECL impact on stress testing
Fed asked not to implement CECL into CCAR until 2021
Capital markets union a la Willie Sutton
A genuine source of funding is needed for Europe’s capital markets union
Cameroon faces risks from microfinance links to banks – IMF staff
Rise of mobile banking is making microfinance sector more vulnerable, report says
Trade data can detect illegal financial flows, Bank of Italy paper says
Authorities largely ignore “trade-based money laundering”, authors argue
James Bullard on 2% rates, tariffs and Fed leadership
St Louis Fed chief on fintech disruption, Fed balance sheet and agent-based modelling
Central Bank of Cyprus suspends subsidiaries of two Russian banks
CBC says decision was influenced by Russian central bank’s decisions but uncertainty remains
Dealers seek FRTB carve-out for Libor transition
Swaps could be hit with capital add-on as liquidity tails off in Libor
Older population increases financial fraud risks – Atlanta Fed
Most financial exploitation of elderly goes unreported, researcher says
Goldman, Morgan Stanley push for stress test changes
Balance sheets will shrink in a crisis, not grow, trading houses argue
IMF backs RBI’s Patel in call for full oversight powers
Fund urges Indian authorities to grant the central bank full powers over public sector banks
Standard-setters update analysis of CCP network
Basel-based organisations find network has only shifted somewhat in the past year