Financial Stability
Eurozone fiscal rules have major pro-cyclical effects – DNB paper
Researchers say strengthening fiscal buffers may modify stability pact’s effects
Iran cuts forex restrictions as pressure on currency continues
Authorities say central bank will intervene to support rial
Esma head issues Brexit warning over UK CCPs
Maijoor calls for continued access for EU members
Political instability main risk for Brazilian banks – central bank
Financial system has expanded credit without increasing risk, Central Bank of Brazil says
Draghi’s ‘whatever it takes’ cut bank risk-taking – BIS paper
Study examines Mexican markets to pick out effects of the ECB president’s intervention
Fed could change capital rules for bigger banks – vice-chair Quarles
Deregulatory act had already softened regulations for banks with below $100 billion, up from $50 billion
Researchers explore impact of bank stress on the real economy
Large banks should be subject to more stringent requirements, authors say
Mersch issues warning to European payment providers
European firms must innovate or risk being competed out of instant payment sector
Zimbabwe banks ordered to ring-fence foreign currency accounts
Move appears to be a step towards de-dollarisation
Bail-in regimes lower costs of resolution for states – ECB paper
Researchers present structural model of bank re-capitalisation
Euroclear to offer US dollar settlement in central bank money
New settlement should reduce credit and operational risk on settlement banks
Bank of Canada launches new communication initiative
Central bank hopes new publication will promote financial literacy among Canadians
ECB says Cyprus must act carefully over NPL plans
Government must also take care over treatment of assets of collapsed bank, ECB cautions
EBA raises ‘serious concerns’ over Malta’s AML regime
Enria calls for changes to EU’s AML regime and says Maltese authority must make major changes
IMF paper explores interaction of capital controls and macro-pru
Capital controls do not “consistently” mitigate potential increases in cross-border flows
RBI steps in to tackle liquidity crunch
Central bank steps up market operations as financial markets wobble
Supervisory lessons: fault lines in prudential regulation
Former Bank of Spain head of supervision Aristóbulo de Juan highlights the lessons he has learnt about weaknesses in prudential regulation, in the second of a four-part series on supervision
Zombie firms drag down productivity in economy – BIS paper
Lower interest rates create conditions for “zombie firms”, researchers find
Draghi calls for new macro-prudential tools
Policy-makers do not fully understand “shadow banking” sector, Draghi tells ESRB
DNB says Dutch banks must tighten money laundering controls
Netherlands Bank calls for harmonisation of European AML regulations and beefed-up EBA role
‘Momentum building’ behind financial response to climate change
FSB welcomes progress on disclosures; BoE report finds many UK banks are facing up to the risks