Financial Stability
EBA stress tests prove contentious: have your say
Market analysts raise concerns over the lack of a deflationary scenario in the forthcoming EU wide stress test; CentralBanking.com poll asks if the tests are strict enough
New Zimbabwe governor demands transparency
John Mangudya backs planned reform at the Reserve Bank of Zimbabwe and calls for a more ‘transparent and responsible’ institution
New Riksbank data finds household debt higher than previously thought
Study by the central bank puts average debt ratio for households with mortgages at 313%, roughly double the official national average
Albania governor says lack of European co-ordination exacerbated crisis spread
Bank of Albania governor says big European banking groups can transmit global and European shocks to small economies in south-eastern Europe
Yves Mersch says EU treaty change could entrench monetary and banking union
Changing the EU treaties could, according to Mersch, help strengthen the institutional framework underpinning the Economic and Monetary Union
Bank of Italy wary of emerging market risk
Italy’s central bank reports improving financial conditions in the eurozone, but remains wary of low inflation and emerging market slowdown
Finland deputy: Banking union may 'exacerbate conflict' for national supervisors
Banking union is envisaged to lessen the role that national interest plays in bank supervision, but Pentti Hakkarainenin warns of potential short-term setbacks
Bank of Korea expresses macroprudential concerns
Bank of Korea says the financial system is ‘generally’ stable, but the corporate sector is struggling with static profitability and household debt is rising under some measures
BoE paper emphasises uncertainty over risk to argue for simpler regulation
Misguided ‘quest for ever-greater precision' in bank regulation is creating ‘ever-lengthening regulatory rulebooks' that are hard to communicate and bad at predicting outcomes
BoE's Cunliffe warns of 'sustained and powerful pressure' on UK house prices
Deputy governor for financial stability says it would be 'dangerous to ignore momentum in housing market' and cautions that new prudential measures have yet to be tested
Yellen promises ‘tailored' regulation for community lenders
Fed chair says regulator will become ‘smarter' in applying rules to ensure smaller lenders can thrive, while still addressing ‘too big to fail'
IMF $17 billion rescue package will see Ukraine head towards IT regime
Ukraine's central bank will, with IMF help, transition to an inflation targeting regime in mid-2015 as part of a $17 billion rescue package agreed last night
Hungary tightens bank forex funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks use
Ingves says job of supervisors just beginning as Basel III nears completion
As the Basel III rules approach completion, the job of implementing the regulatory framework is only just beginning, Stefan Ingves says
Bundesbank’s Dombret unperturbed by rising house prices
Andreas Dombret says prices are still tied to fundamentals in German economy, though he would be more concerned if lending began to rise alongside house prices
UK and Dutch central banks set out capital plans
The Bank of England finalises plans to implement CRD IV after public consultation; Netherlands Bank looks to impose additional capital buffer on four systemic banks
ECB turns attention to single card payments area
Card payments are lagging credit transfers and direct debits when it comes to harmonisation across the eurozone; ECB calls for "considerable efforts" to rectify this
Regulators reveal details of EU and UK stress tests
European Banking Authority and Bank of England set out the scenarios they will use in their respective stress tests later this year; ECB sets deadline for meeting capital shortfalls
RBI deputy reviews Indian macro-prudential experience
Kamalesh Chakrabarty evaluates India’s experience with macro-prudential policy and considers how central banks can build analytical frameworks to guide their oversight
Fed bars BofA from raising dividends after flawed capital submission
Federal Reserve orders Bank of America to resubmit capital plan after bank discovers inaccuracies dating back to Merrill Lynch takeover that caused miscalculation of capital ratios
Financial markets still fragmented, say ECB and Commission
European Central Bank and European Commission find the eurozone is more economically and financially fragmented now than it was before the crisis
ECB publishes final SSM framework
European Central Bank finalises framework for Single Supervisory Mechanism; sets out relationship with national competent authorities and criteria for determining significance of banks
Sarb forecasts further impact from Fed taper
Financial stability review highlights domestic risks that could ‘amplify’ the impact of US monetary policy on the South African economy
SNB refuses to give ‘all clear’ on housing market despite capital buffer rise
Thomas Jordan tells Swiss National Bank shareholders that real estate prices remain a concern despite the recent increase in the counter-cyclical capital buffer