Financial Stability
State-backed mortgages promote little homeownership – Fed paper
Guarantees can lead to inflated house prices, researchers warn
Bulgarian law would give central bank management of resolution fund
Draft law tightens links with Single Resolution Board as part of preparations for eurozone entry
FSB sees room to improve resolution frameworks
Progress is most advanced in globally systemic banks’ home jurisdictions, but gaps remain
Vocalink and IBM to provide Saudi faster payments system
Instant payment system slated for launch at the end of 2020
Fed proposes new rules for determining company control of banks
Proposal aims to “reduce regulatory burden”, Powell says
Argentina launches digital platform to foster financial literacy
Central bank will use platform to promote use of bank accounts and electronic payments
BIS chief sees technology as crucial to financial inclusion
Big data and technology are key to overcoming financial exclusion, says Agustín Carstens
BoE agrees to refine stress-testing in light of review
Independent report says stress-testing is working, but there is room for improvement
Fed proposes leverage ratio exemption for custody banks
Latest regulatory easing proposal would see custodians gain exemption for some assets
Central bankers call for ‘practical action’ to tackle climate risks
The time for talking is over, say NGFS members
Europe needs supervisory standards for climate risks – Lautenschläger
ECB official says standards should be worked out rapidly in modular form
Central banks urged to take four key climate actions
Network for Greening the Financial System releases first comprehensive report
Austrian central bank gives strong warning on draft regulation law
Changes would harm balance and efficiency and increase influence of special interests – OeNB
PRA breaks new ground on climate risk supervision
BoE says it is the first regulator worldwide to set expectations for firms in tackling climate risks
IMF’s Adrian says central banks should disclose climate risk exposure
Data gaps make it harder for central banks to set appropriate climate stress tests, he says
St Louis Fed creates educational ‘multiplier effect’
Head of economic education at the St Louis Fed talks to Central Banking about its approach to financial inclusion
Irish central bank welcomes ‘culture board’ in bid to change banks
Board must enforce changes called for by central bank reports, Derville Rowland says
Pause in normalisation could be bad news for EMEs – Mexico’s Guzmán
A pause may create a “more complex and uncertain external setting” for EMEs, he says
Finding our way to the new Ibors
Richard Heckinger highlights possible pitfalls on the road to new reference rates
Hard IMF conditions deter borrowers from coming back – ECB paper
Researchers use data on most IMF programmes since 1992 to investigate “IMF stigma”