Financial Stability
Yi pledges to continue opening up China’s financial sector
Some measures are yet to be finalised despite end-2018 goal
Philippines launches inclusion initiative in memory of Espenilla
Late governor honoured in new initiative to help those underserved by financial industry
Fed has limited tools to combat climate change impact – San Fran Fed paper
But central banks can do more to research appropriate policy responses to climate change
IMF puts new macro-prudential database to work
Fund uses new data to test effectiveness of LTV ratios
Carney says supervisors must develop climate stress-testing
BoE is working with the NGFS to develop climate change scenarios as step toward stress-testing
ECB rejects amendment from EU institutions on CCP regulation
Proposed changes would ‘distort’ ECB’s request for change, Draghi says
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced Fed’s introduction of IOR prolonged recession
Boston Fed research encourages tokenisation for ecommerce
Payment method could reduce fraud, paper says
Housing market still a risk to financial stability – RBA assistant governor
Michele Bullock addresses concerns over recent tightening in lending standards
UK and EU agree template for no-deal Brexit supervision
Template sets out basis for supervision rules under no-deal Brexit
Mortgage innovations fuelled pre-crisis housing boom – paper
Researchers look at 60 million US mortgages to examine non-traditional mortgage products
Bank capital ratios fall for first time since 2011
Basel monitoring report finds declines in both risk-weighted capital and leverage ratios
Should central banks be more aggressive on climate change?
Discussion weighs up whether central banks should take more drastic action
EBA launches register of payment and electronic money firms
Freely available online register brings together national authorities’ data
‘Clock ticking’ for Australian institutions exposed to Libor – RBA’s Kent
Deputy governor warns current fallback measures may not be enough to mitigate transition disruption
RBI stands firm on stressed assets as Supreme Court deliberates
Central bank says it has not softened stance, but court could force it to grant forbearance
US crypto-asset regulation needs strengthening – Massad
Former CFTC chair Timothy Massad recommends a path for regulatory reforms
ECB to supervise bank that accused Latvian governor of corruption
Latvian authorities requested ECB action as lender sues them for alleged malpractice
US agencies move to protect swaps after week of Brexit chaos
Week of parliamentary wrangling produces little progress on final agreement
Canada’s Wilkins calls for non-bank stress testing
Asset management risks are not well understood, says deputy governor