Micro-prudential
Bank Indonesia targets fintech firms with new anti-money laundering rules
New regulation applicable to non-bank financial services, money changers and fintech firms
BoE paper mulls tensions in PRA competition objective
Paul Fisher and Paul Grout argue a secondary competition objective can be made to work
Malaysian central bank slams Ice and SGX over ringgit futures
Making them available offshore goes against foreign exchange rules, says Bank Negara Malaysia
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
PRA’s tough line on Pillar 2 disclosure divides lenders
Watchdog seeks to level playing field with public disclosure of total capital requirements
FCA set to replace Libor by 2022
Regulator aims to transition towards a benchmark based on actual transactions
Russian prosecutor clashes with central bank
Bank of Russia must take commercial bank out of administration, prosecutor says
Ukrainian central bank bars PwC from further audits
NBU says firm verified “misrepresented information”, but PwC denies charge
European Commission approves Monte dei Paschi recapitalisation
Move to reimburse investors should remove key political obstacle
EC must address concerns over state aid – ECB’s Angeloni
ECB supervisor says Italian aid to Intesa raises serious questions
European supervisory authorities set out AML-CFT guidelines
Document spells out methods for implementing “risk-based approach”
EC approves state aid for two Italian banks
Small regional banks will receive about €5 billion, having avoided resolution
Ukrainian central bank calls for $1.5 billion more capital for PrivatBank
National Bank of Ukraine says forensic auditor will report in September
Biggest US banks weather severe stress test
Fed report on stress tests applied to 34 bank holding companies indicates largest institutions would remain well capitalised even in a severe shock
UK ring-fencing an ongoing process, says PRA official
James Proudman says Bank of England is considering changes to its supervisory approach
National Bank of Denmark warns banks on stress test results
Some systemic banks came close to breaching threshold requirements
Model risk falls under the CCAR microscope
Fed using qualitative reviews to test the quality of model risk governance
Riksbank paper finds ‘significant’ gains from faster trading
Faster trading systems have eliminated arbitrage opportunities, authors say
Croatia’s Vujčić on tackling NPLs and home-host supervision
Governor Boris Vujčić explains why dealing firmly with NPLs via ‘provisioning clock’ does not choke growth
Let the market regulate banks – FDIC’s Hoenig
Proposal to take an axe to risk-based capital, stress testing and parts of the Volcker rule
Eiopa to revisit standard formula calibrations in ‘recurring exercise’
Authority considering periodical reviews to preserve Solvency II’s risk sensitivity
Ukraine’s Gontareva on one of the toughest jobs in central banking
NBU governor transformed central bank while engaging in wartime deficit funding and overhauling banking sector
A CCP is a CCP is a CCP
CCPs do not require same risk and resilience standards as banks
Reforms have helped curb bank CEO pay – BIS paper
Researchers examine how principles introduced by the Financial Stability Board impacted pay for top managers