Financial Stability
Beyond climate: addressing the ‘E’ in ESG
Environmental degradation raises fundamental questions about how central banks think about risk
DNB survey looks at factors driving trust in financial system
Authors use data from DNB survey of Dutch consumers of financial services
FCA grants UK firms 15 months to comply with post-Brexit rules
UK regulator updates handbook to show which regulation must be adhered to by the end of 2020
Fed extends Covid-19 emergency measures
Lael Brainard is again sole vote in favour of outright ban on banks making dividend payments
World faces systemic debt crisis, IMF warns
IMF calls for urgent reforms and Japanese finance minister criticises China over debt agreement
EBRD commits to 50% green investment policy
Three candidates from European finance ministries compete to become bank’s next president
Covid-19 pandemic speeds up adoption of mobile banking – HKMA’s Yue
Eighty per cent of payments under Cash Payout Scheme were made electronically, HKMA chief says
BIS paper explores impact of sterilised FX interventions
Authors say economic and financial stability implications of intervention have been understudied
FCA increases guidance to big tech around consumer protection
UK regulator mulling whether it needs new powers to prevent exploitation
State regulators could lead on CFTC climate risk plans
Sympathetic rulemakers don’t need to wait for a change of federal government, say experts
Nigeria’s central bank implements financial inclusion strategy targeted at women
Central bank wants to close financial services gender gap by 2024
BoK launches facility to guard against dollar liquidity squeeze
South Korean central bank creates new facility to cut risk of dollar liquidity crisis
BoE welcomes temporary deal on post-Brexit clearing
‘Equivalence’ decision will avoid short-term cliff-edge for CCPs, as Brexit negotiations enter final stages
Central banks must collaborate to tackle payment ‘shortcomings’, says Cœuré
Matching up disparate systems is challenging but central banks can catalyse change, BIS official says
Fed will calibrate NSFR to avoid hurting repo
Fed’s supervision head says final liquidity rule will be fast-tracked without fresh consultation
ECB paper offers model for timely response to financial risks
Framework should allow policy-makers to act rapidly in response to rising risk, authors say
BoE considering green conditionality for corporate bond-buying
Executive director says BoE will discuss with Treasury whether it should gain environmental mandate
BIS paper models credit booms and busts
Authors outline heterogeneous-agent framework that could support macro-prudential policy
Nigerian central bank cuts rates despite rising inflation
Country faces falling output and rising prices as general strike vote increases pressure
Sterling swap traders brace for new Sonia switch deadline
Covid delays force regulators to set new date for interdealer swap market to price off RFR
Fed presses ahead with financial inclusion reforms despite disagreement
OCC has already published a final rule and shows little sign of wanting to follow Fed’s approach
Ukrainian governor defends key banking reform
Shevchenko tells court deposit guarantees must stay independent to safeguard banking reforms
US citizens report better financial health than pre-pandemic
Financial wellbeing boosted by government support and return to work, central bank says
Stress-test results reinforce need for capital review – RBNZ
Under very severe scenario, banks need significant capital injections