Macro-prudential
IMF prepares to overhaul its financial surveillance
Fund agrees with IEO report that there is much room for improvement, but budget is an issue
Thai central bank warns of housing and debt risks
Central bank says macro-prudential policy should curb build-up of weaknesses
Fed’s 2019 stress tests to assume largest unemployment shock to date
Central bank also announces moves to enhance transparency in its stress-testing programme
Kristin Forbes urges academics to focus on macro-prudential policy
Our understanding of the tools and ability to spot new risks remain limited, professor says
Non-banks continue rise as banks lose market share
Non-bank financial firms hit a record high, at nearly half of global financial assets, FSB finds
IMF endorses Hong Kong’s tight macro-prudential measures
But risks to the outlook appear to be building, the fund says
RBNZ suggests eliminating minimum Tier 2 holding
New Zealand’s central bank proposes dramatically increasing Tier 1 to reduce resolution risk
Debt growth a better warning signal than levels – BoE’s Broadbent
Deputy governor says countries with high debt levels did not necessarily suffer more during the 2008 crisis
BoE’s leveraged loan research draws interest from overseas
UK exposures are modest but firms in US and Japan have bigger holdings of CLOs
Supervisory lessons: resolution is a ‘dirty business’
Aristóbulo de Juan offers a toolkit for resolving problem banks
Yellen ‘greatly concerned’ over regulation reversals
Fed unveils proposal for relaxing stress test requirements
Number of risky housing loans issued in 2018 drops, says Danish central bank
Limits on loan-to-value and debt-to-income ratios have seen reduction on risky loans
Book notes: Macroprudential policy and practice, edited by Paul Mizen, Margarita Rubio and Philip Turner
Important overview of current state of thinking about macro-prudential policy, but uncertainties remain about current allocation of financial stability responsibilities
Central Bank of UAE enforces higher credit standards on cheque usage
Central bank has asked lenders to advise customers to use other methods of payment if possible
Carstens warns world is not fully prepared for fresh crisis
IMF does not have the resources to act as global lender of last resort, says BIS chief
Brainard reboots calls for countercyclical buffers
“Countercyclical capital requirements build resilience, unlike monetary policy,” Brainard says
Finnish regulators need more macro-pru, deputy governor says
Current toolkit is not sufficient to deal with rising levels of household indebtedness
Podcast: Preventative measures
Many central banks currently lack a key power that could help them deal with crises, argues Andrew Metrick
FSB calls for action as regulatory deadlines pass
Mark Carney urges G20 to stay disciplined as global growth begins to fade
Non-bank lending could replace interbank market – Atlanta Fed paper
Basel III capital requirements and Fed’s QE are reducing US interbank lending, researchers say
Chinese authorities toughen rules on systemic firms
PBoC expands definition of systemically important firms and gains new powers
New Zealand central bank lowers loan-to-value ratios
RBNZ governor says housing risks are falling, but says banks may need higher capital ratios
Policy-makers need to tackle ‘liquidity illusion’ – Carstens
BIS chief warns asset managers may contribute to sudden withdrawals of liquidity
Podcast: Crisis lessons
Central banks may have learned the lessons of the crisis, but are they fully on top of the risks?