Macro-prudential
CNB raises countercyclical buffers as risks build
The central bank stress-tests not only the financial sector but also households and the government
BoE makes climate risk a hot topic for banks
Financial institutions must entrust oversight of climate risk to named individual under senior managers regime
ECB paper looks at short-term costs of higher capital ratios
Monetary policy should cushion blow caused by moving to higher capital requirements – researchers
RBNZ review lends support to loan-to-value limits
Macro-prudential tool has been helpful in promoting financial stability, study finds
BIS paper finds cross-border links between monetary and macro-pru policy
Authors discover “significant interactions” between policies
Israeli banks and households resilient to higher rates and unemployment
Housing market withstands adverse scenarios in macroeconomic stress test
RBNZ: New Zealand’s biggest bank cannot use own risk capital model
New Zealand central bank says ANZ had “a persistent failure in its controls and attestation process”
Israel’s banking system resilient to geopolitical shock, governor says
Recent stress tests measured impact of geopolitical shock on domestic economy
Don Kohn offers advice on macro-pru under uncertainty
BoE looks at wide range of indicators but could still do more, FPC member says
Swedish governor calls for comprehensive reforms to housing market
Higher house prices boost private debt, which now poses greatest financial risk, adds the governor
Tighter loan-to-value ratios have stronger impact than a reduction
Other regulations might impact the effectiveness of LTV limits, the authors say
HKMA unveils measures to combat climate change risks
HKMA will be government’s representative in potential HK$100 billion green bond offering
Fed proposes expanding netting protection eligibility
Move reflects changes to industry landscape since the 2008 financial crisis
Finnish central bank needs more macro-prudential tools – deputy governor
Increased presence of international investors may increase housing market’s volatility – Nykänen
Macro-prudential and monetary policy work well together – ECB paper
Monetary policy can be used to cushion shocks caused by counter-cyclical buffers, researchers find
BoE unveils ‘systemic risk buffers’ for UK banks
Aims to ensure adequate capital within UK ring-fenced firms, as well as at global level
FSB sees room to improve resolution frameworks
Progress is most advanced in globally systemic banks’ home jurisdictions, but gaps remain
Zimbabwe signs agreement with IMF to strengthen macro framework
New agreement will complement government reforms to foster macro stability amid high inflation
Norwegian deputy issues warning on high private debt
Official advocates gradual reduction of household debt to income, as a sudden shock is a risk
ESRB sets out first steps towards common macro-prudential stance
Problems exist with turning conceptual framework into operational tool, report concedes
IMF calls on Kuwait to improve crisis management
Financial sector assessment praises recent reforms, but also sees room for improvement
Indian governor says court defeat will not stop stressed asset resolution
Governor says RBI may issue a revised circular after adverse legal ruling
Bank of Spain warns stressed assets remain above pre-crisis levels
Deputy governor says mergers are clear alternative to boost profitability and efficiency
EU regulators warn on no-deal Brexit impact
Firms must make contingency plans, regulators say, as Brexit deadlock continues