Financial Stability
Rehn: ‘Last thing we need is a trade war between allies’
Bank of Finland governor criticises Trump administration’s tariffs and “appeasement” of Russia
OCC withdraws climate risk principles for largest banks
Acting comptroller calls principles overly burdensome and duplicative
Ethiopia to conduct FX auctions every two weeks
NBE says move will help it achieve policy objectives as it looks to lower inflation to single digits
Israeli banks disburse benefits to customers affected by war
Central bank directs lenders to provide 3 billion shekels in relief over two years
Legal framework key to keeping money’s singleness – study
Interoperable blockchain payment systems could present challenges, say NY Fed researchers
BoE proposes raising deposit insurance limit
Central bank suggests increasing level of savings protection to account for inflation since 2017
New Zealand to review banks’ capital requirements
RBNZ to consult “international experts” as lenders demand looser prudential treatment
Business models at heart of 2023 banking turmoil – research
Unrealised losses and uninsured deposits were not main drivers of crisis, Chicago Fed paper argues
Bank of Israel governor criticises budget
Yaron says tax rises will not be enough to offset increased military spending and lower debt ratio
EU debt wave raises dealer capacity concerns
Ongoing QT and upcoming defence spending piles pressure on bank balance sheet supply, say dealers
US life insurers more exposed to ‘risky’ debt than in 2007 – study
Fed research compares current situation to subprime exposure that preceded financial crisis
Default levels do not explain high US credit card rates – study
NY Fed paper shows levels of interest charged far exceed those for other loans
Sudanese army takes control of central bank
Military says it has retaken key buildings from rebel group
BoE unveils scenario for annual stress test
First exercise since framework update will simulate milder conditions than previous version
NY Fed credit survey shows consumers are strapped
Study finds more people are having applications rejected and expect loans to be harder to secure
US farmers need extra revenue to make ends meet – research
Costs largely outweigh income generated by agri, says Richmond Fed study
Iran’s central bank increases daily cash withdrawal limits
Move anticipates increased consumer spending over Persian New Year, despite ongoing economic crisis
US homes not adequately insured against disasters – report
Philly Fed study says most households do not have coverage to rebuild following catastrophic damage
Protesters occupy Irish central bank headquarters
Pro-Palestinian activists oppose institution’s involvement in sale of Israeli bonds
ECB calls for new macro-pru approach to address cyber risks
Stress-testing should combine top-down and bottom-up elements, latest bulletin says
Credit delinquency rise may be due to home priorities – study
Consumers choosing to repay auto and home loans rather than credit cards, say authors
UK unfreezes Syrian central bank assets
Decision follows similar move by EU, though US sanctions remain in place
BoE proposes to ease regulations for small-scale lenders
Central bank suggests raising leverage ratio threshold from £50 billion to £70 billion
Bangladesh does not need to rely on IMF – central bank governor
Mansur says country needs to increase revenue if it is to address deficit