Financial Stability
Demetriades on political pressures on central banks and their governors
Former governor of the Central Bank of Cyprus speaks about the Cypriot banking crisis, the need for EU-wide AML oversight, independence and his fears for stability of the monetary union
Banks will ‘inevitably’ fail, says Ireland’s Donnery
Deputy governor takes stock of the policies implemented since the financial crisis to protect consumers against bank collapse
A decade on: Lehman Brothers at the brink
On September 14, 2008, there remained hope that Lehman could be saved and a crisis averted. Events moved rapidly thereafter
World is ‘sleepwalking into next crisis’, says UK’s Gordon Brown
World is ‘sleepwalking into next crisis’, says UK’s Gordon Brown
Bernanke: household borrowing not the main factor in 2008 crash
Panic in financial markets and not household borrowing created deep crisis, former Fed chair says; economists should emphasise credit when modelling
ECB official calls for European action on money-laundering
Corrected: Commission said to be considering enhanced role for EBA after recent scandals
Lender of last resort is not enough, says Geithner
There is a lot of “magical thinking” about what central banks can do, says former US Treasury secretary
RBA warns FMI provider on op risk failings
ASX’s clearing and settlement facilities need to take action on op risk issues, central bank says
RBA’s Bullock: Australia faces large housing risks
Debt-to-income ratio has risen and banks are highly exposed to the housing sector
Risks posed by some ‘shadow banking’ firms not fully known, ESRB says
“Significant data gaps” prevent full assessment of “other financial institutions”, report says
‘Hyman Minsky was right’ – Don Kohn
Macro-prudential policy should mitigate crisis risks, but needs to be well communicated, says Bank of England policy-maker
FCA’s Bailey hits back at EU location demands
It is not necessary for all EU financial activity to take place in the EU if co-operation is close and rules are aligned, the FCA chief argues
ECB should not be lead agency for EU financial stability – Mersch
Democratically elected institutions should play main role, ECB board member says
Swiss banks are more resilient now than before crisis – Zurbrügg
‘Too-big-to-fail’ especially relevant for Swiss economy due to strong role of few major banks
Eurozone’s largest banks are penalised for intra-EU transactions – Praet
International regulations should recognised progress made under banking union, says senior ECB official
Central banks could do more to tackle climate change – paper
Central banks may be mispricing assets due to climate change risk, paper argues
RBA governor welcomes housing market slowdown
Lowe says slower credit growth is “positive”, as wider economy heats up
Bank of Spain paper looks at G20 regulatory agenda
“Globally significant” banks’ perceived risk likely to rise, researchers say
Fed paper presents method to better estimate systemic risk
Authors find their approach outperforms several commonly used systemic risk indicators
BIS paper weighs economic impact of macro-prudential policy
Cutting the LTV ratio leads to reduced output in emerging markets, authors find
IMF says Chad and BEAC reforms must continue
Multi-state African central bank must make changes to policy framework, IMF staff say
Kuroda says controls on high-frequency trading ‘critical’
HFT can aid market efficiency, but action is needed to tackle its downside, says BoJ governor
Time running out for EU Brexit temporary permissions regime
UK clearing houses may need to eject EU member positions if BoE scheme is not reciprocated by year-end
Bank Indonesia steps in to stem rupiah fall
Rupiah falls to lows not seen since the Asian financial crisis, as Indonesia becomes the latest victim of the strong dollar