Financial Stability
IMF praises Haitian central bank but warns of ‘unprecedented crisis’
Central bank and finance ministry’s efforts are damaged by failure to form government – IMF staff
Weak data on sustainable assets threatens financial stability – Sarb
Industries vulnerability to climate-related risk is unknown, South African central bank says
Indonesia’s central bank pledges major infrastructure changes
Five-year plan aims to upgrade payments infrastructure and boost inclusion rates
Will the ECB make climate change a policy goal?
Weidmann declared strong opposition to “green QE” as climate groups call on Lagarde to shift policy
Enria proposes more change for eurozone stress tests
New framework would include macro view, but will not be ready until 2022, says chief ECB supervisor
Canada’s fiscal stimulus worth 100bp of rate cuts – Poloz
Infrastructure investment has also helped to reduce financial vulnerabilities
China should bolster macro-pru framework – IMF paper
Lack of accurate credit information weakens macro-prudential measures, researchers say
Fed points to non-financial risks at large US banks
US-based G-Sibs show weaknesses in AML, internal audit and IT risk, Fed says
Climate prudential policies could ‘backfire’, IMF economists warn
Lack of international standards could result in ‘greenwashing’ and increased financial stability risks, economists warn
‘Sectoral’ counter-cyclical buffer could boost resilience, says Basel Committee
Targeted tool would have a narrower impact on segments of the market
‘More effort’ needed to protect financial stability – RBNZ’s Orr
Central bank determined to raise capital requirements and improve behaviour in finance
Cœuré flags risks to ‘autonomy and resilience’ of European payments
Central banks need to resist payment market fragmentation, says ECB official; Banque de France’s Beau calls for experimentation with wholesale CBDC
BoE hits Citi with fine over reporting failures
Penalty marks first time PRA has sanctioned a systemic firm for regulatory reporting breaches
Colombia’s central bank forms new climate research group
New team will look to integrate climate scenarios into macro models as central bank seeks to join NGFS
Focus on cross-border payment systems, not CBDC – Bundesbank official
German central bank board member says “fast and efficient” payment network should take priority over digital currency development
Mester calls for cyber stress-testing in US
Adopting or adapting practices like the Bank of England’s would be worthwhile, she says
Lagarde says eurozone must end export dependence
Call to boost demand is likely to be seen as aimed at German policy-makers
Cleveland Fed paper examines stress tests’ impact on lending
Some banks cut back on business lending, but community banks take up the slack, paper finds
US Democratic senators call for Fed to act on climate change
Fed has been “ignoring” financial risks of climate change, Democratic senator says
FSB’s G-Sib list increases by one
One joins the list and one major bank drops to a lower bucket
Bank of Canada plans new emergency liquidity facility
Facility designed in response to new threats, such as cyber and extreme weather events
RBI to resolve first non-bank under revised bankruptcy code
Move could set precedent for wider financial sector clean-up as fallout from liquidity crunch continues