Financial Stability
Debelle analyses impact of mortgage arrears
Mortgage arrears are at historical low, Australian deputy says; trends in Western Australia could be informative in a downturn
Dutch governor warns of unconventional policy hazards
Knot also argues for expansionary fiscal policy and symmetrical inflation target
FSB warns gaps remain in resolution frameworks
Issues remain for central counterparties, global banks and insurers, report finds
EBA’s Campa: reduce Pillar 2 charges to offset output floor
Bankers plead for smaller capital hit and more predictability on implementation of Basel III
Powell says Fed is increasing work on climate change risk
“Climate change is an important issue, but not principally for the Fed,” Powell says
France’s ACPR will not comply with Eiopa Brexit recommendation
ACPR is concerned over risks shifting from UK to France
Policy-makers should update cyber regulations – Bank of Canada official
Greater collaboration and information-sharing is required to strengthen reliance, Filipe Dinis says
Bank of Israel tells banks to close as rocket attacks continue
Supervisors mandate “emergency procedures” as clashes escalate in the Gaza Strip
Excess of cash in Solomon Islands banks driven by high rates – IMF
Basket exchange peg is ‘appropriate’, says IMF, but lending rates remain too high
Policy-makers must re-examine financial stability tools – Fed official
Capital regulations may not reflect increased risks from low-rate environment, Rosengren says
ECB’s Mersch shows support for European deposit insurance scheme
Europe must look to create a stronger integrated market, he says, while urging European governments to do more with regard to fiscal policy
Iranian central bank imposes AML controls on lenders
Local reports say FATF has threatened Iran with blacklisting, but hardliners are blocking reforms
Supervisors must adapt to climate change risks – Fed official
Real impacts are already being felt and policy-makers must develop new tools, Kevin Stiroh says
New IMF chief maintains focus on unsustainable debt levels
Debt levels at all-time high and well over twice global GDP, Kristalina Georgieva warns
RBNZ may raise insurance firms’ solvency levels
Governor expects review of insurers will lead to “series of thresholds”
European Commission mulls climate risk regulation
New green finance strategy could include new climate stress tests – Dombrovskis
Hidden money creation is impacting policy, PBoC economist warns
“Banks’ shadow” hampers monetary and financial stability policy, Guofeng Sun says
German finance minister offers deal on eurozone deposit insurance scheme
New proposals may not be enough to overcome other EU countries’ opposition
US G-Sibs ‘dramatically’ cut exposure to Brexit risk – Fed research
Financial analyst unpacks individual banks’ exposures to the UK since referendum
Cuts in oil output may imperil Norway’s financial sector – Norges Bank
Central bank warns prospect of environmental policies may be weakening the krone
Bank of Spain paper looks at exchange rate shocks in the eurozone
Exogenous exchange rate shocks affect energy prices but not core inflation, researchers find
New York Fed proposes three SOFR averages
Move is “important next step” in encouraging transition from Libor, official says
Eurozone countries need an exit door – Hungarian governor
European attempt to challenge the dollar has led to “open US warfare against EU”, Matolcsy says