Macro-prudential
IMF urges Costa Rica to shore up financial stability defences
Fund calls for increased transparency from financial stability committee
Macro-prudential policies cool Sweden’s housing market
Private debt continues to increase, but loan-to-value ratios are falling
Dudley outlines tougher incentives to make bankers behave
New York Fed chief says compensation could be linked to banks’ loss absorbency
Supervision hampered by fragmented banking regulation – Lautenschläger
Current framework needs wider scope to secure a safer financial system, ECB supervisor says
Global leverage may be higher than supervisors realise – IMF paper
Standard measures of leverage are too focused on balance sheets, researchers say
Norway maintains countercyclical capital buffer at 2%
Norges Bank advises government not to reduce buffer because of high household debt
ECB publishes updated NPL guidance
Central bank recommends stricter framework than European Commission
European Commission calls for action on NPLs
Commission’s proposals differ from ECB’s October document
Macro-prudential measures should be made to last – RBNZ’s Spencer
Outgoing governor wants temporary framework for loan-to-value ratios to stay
Treasury official calls on Fed to review foreign bank rules
Senate bill aims to relax US Sifi threshold but offers no relief for foreign banks
Deregulatory bill gathers bipartisan support in US Senate
Amendment lifts asset threshold beyond which banks are submitted to stricter oversight
Quarles reveals plan to simplify Volcker rule
Volcker rule is too complex and “is not working well”, says Fed vice-chair
MAS needs expanded resolution powers, FSB report says
Singapore's central bank should clarify oversight of macro-prudential policies, says peer review
PRA’s Sam Woods rebuts 'myths' about Solvency II
Directive has neither “crushed growth” nor driven up prices, Woods argues
Authorities need to deal with ‘limitations’ of global standards
BIS’s Fernando Restoy says global standards do not cover all possible risks
China feels tighter financial conditions ahead of new year
Record-breaking bank loans contrast with slower broad credit growth
BoE’s Cunliffe sees liquidity risk in rise of investment funds
Investors have poured money into less liquid instruments
China’s shadow banking market dominated by banks
BIS researchers map the Chinese shadow banking system and its evolution over time
Nordic and Baltic states reinforce regional financial co-ordination
Banks operating across the region require common macro-prudential measures
Asian property developers face tougher scrutiny amid house price boom
Hong Kong and Singapore are putting more scrutiny on loans to property developers
Interest rate risk could be seed of next crisis – economists
Interest rate risk could be source of next crisis, and regulations appear to have made it worse
Lower growth follows credit booms with high-yield lending – paper
Lending standards in bond markets track banks’ credit standards
‘Intensified’ tax competition will affect euro area – research
Latest ECB bulletin shows “possible erosion of tax bases” in the EU, after recent US tax reforms
Fed unveils 2018 stress tests for big banks
The severely adverse scenario would take the unemployment rate to 10% from 4.1%