Financial Stability
Supervisory lessons: the need for intrusive supervision
Aristóbulo de Juan reveals his central principles for the (intrusive) supervision of banks
MAS chief laments ‘data localisation’
Misguided notions of data security threaten digital growth, says Menon; central bank further strengthens fintech support
RBNZ launches review into collapsed insurer
CBL Insurance to be liquidated after failing to assemble rescue plan
FSB finalises ‘cyber lexicon’
Common language seen as important step towards closer cyber co-operation globally
Sarb reprimands HSBC for AML deficiencies
Central bank fines commercial lender over $1 million
The euro: a troubled third decade?
Italy’s pact-busting budget highlights ongoing eurozone frailties
Fed will delay stress capital buffers, Quarles says
Vice-chair says Fed is looking to modify stress-testing methods
EU offers Iran sanctions relief with new clearing house
Iran retains limited access to Swift network, but new clearing house provides alternative
Book notes: The Fed and Lehman Brothers, by Laurence Ball
Ball claims the Fed could have lent to Lehmans, lawfully and prudently, had it chosen to do so, writes Reddell. But agreeing the Fed could have provided liquidity support does not automatically imply it should have
Fed proposes further regulatory loosening for small firms
Governor Lael Brainard voted against the last proposed reductions in regulation
ECB nominates Enria as next head of banking supervisor
Italian candidate likely to be accepted as next head of SSM
Lagarde calls for an end to trade tensions
IMF chief says countries should ‘fix’ global trade system, not ‘destroy’ it
Barbados has done ‘reasonably well’ meeting IMF targets, says governor Haynes
Central bank records reserves uptick in latest quarterly review
Standard-setters can only partially support inclusion – BIS’s da Silva
Standard-setters can balance risks and opportunities, but cannot tackle deeper structural issues
NY Fed economist explores election night volatility
Treasuries suffered dramatic moves as Donald Trump was elected in 2016
Rwanda concerned by high NPL levels despite improvement
Central bank records 6.5% decrease in NPL levels
Chinese banks fail tests as PBoC warns of ‘grey rhino’ risks
Half of banks failed the most severe stress tests
US banks’ strategic similarities pose risks – NY Fed official
“Supervisors should be dynamic and continue to evolve as the supervised firms do,” Kevin Stiroh says
UK banks struggle in EU-wide stress tests
BoE says UK faced tougher test than others