Financial Stability
Barbadian reforms are strengthening economy, says central bank
Annual report says IMF programme beginning to prove effective
IMF extends deadline to implement increase in quotas
Executive board allows members to consent to and increase their contributions until December 27, 2019
The great wave: global liquidity in a turbulent world
Global imbalances are growing, and it is unclear whether the world’s institutions have enough firepower to respond to a crisis, writes Daniel Hinge
Bank of Spain study looks at growing rental market
Stagnant incomes, regional disparities and falling loan-to-value levels are pushing growth in renting
European bank capital to rise by €135bn to meet Basel III
Minimum capital requirements would increase on average by 24.4%, says the European Banking Authority
RBNZ publishes new FMI regulation bill
Proposal would enhance central bank’s ability to hold market participants to binding standards
Book notes: Shadow networks, by Francisco Louçã and Michael Ash
While not all central bankers will read this book, the problems it presents should not be left to politicians to solve
Powell says Fed will decide on 24/7 RTGS system ‘soon’
Fed under pressure to act amid flurry of legislative activity around payments
Germany’s constitutional court rejects case against ECB supervisory powers
Plaintiffs claimed transfer of regulatory powers to European level was not covered by EU treaties
PBoC to rein in financial holding companies
New rules for financial conglomerates designed to contain risks to the real economy
BoE to demand transparency on bank resolution plans
Central bank finalises framework for resolvability assessment
Fed demands further analysis on HSBC resolution plan
Fed also questions six other large banks on assumptions made in plans, letters reveal
Raising CCyBs could have ‘greatly mitigated’ 2008 crisis – St Louis Fed paper
Policy-makers could have avoided a fall in aggregate consumption of 21%, researcher finds
Eritrean authorities must restore central bank independence – IMF
Macroeconomic situation is “dire” and financial sector needs restoring, IMF says
Canadian collateral can withstand crisis-level systemic risk – BoC paper
Trading by bank customers could be a potential indicator of future crisis, researcher says
UK banks call for different regulatory approach
Frequent regulatory changes for online banking create burden for large banks, Starling Bank CEO says
IMF calls for more progress on Serbian currency
Central bank managed recent currency instability well, IMF staff say
Sonia users face three-way choice in term rate
Trio of rival forward-looking versions of sterling Libor successor set to be available
PBoC unveils 11 measures to open up China’s financial sector
Analyst says actions most detailed so far in loosening foreign ownership restrictions
ECB warns Slovene government over draft law on loans
New measure could expose central bank to political risk and harm commercial lenders, ECB says
Unexpected market news weakens fund liquidity – paper
Findings important for understanding systemic risk of firms during times of stress, researchers say
Ghana sees route to ‘cash-lite’ economy through mobile money
Central bank deputy governor promises development to further encourage fintech
BoE paper models stress in non-bank sector
Authors highlight importance of “tipping points”, which can lead to amplification of stress