Financial Stability
BoE issues warning over global leveraged loan market
Scale, growth and lending standards similar to pre-crisis subprime lending, BoE reports
Lack of monetary autonomy ‘central’ to eurozone debt crisis – researchers say
Spain would have been ‘immune’ to rollover debt crisis outside eurozone – Minneapolis Fed paper
Trade dispute causes PBoC ‘a lot of problems’ – Peking University's Xiao Geng
New Financial Stability and Development Board has the power to curb regional excesses
Bundesbank paper looks at effects of sanctions regimes
German banks cut activity in sanctioned countries but subsidiaries may increase lending, paper finds
South African central bank launches review of payment system
Sarb says its regulatory mandate needs more clarity and calls for more powers over fintech
Podcast: How to fight the next crisis
Andrew Metrick warns we may be less prepared for crisis-fighting now than we were before 2008
BoE held back on Brexit commentary for fear of influencing negotiations
UK central bank planned to publish analysis after the country left the EU in 2019
Carney warns on ‘uncomfortable’ Brexit compromise
Governor fears some Brexit outcomes could restrict the BoE’s regulatory options
Cyprus governor says 2015 police raid stopped her investigating politicians’ debts
Governor Georghadji offers to re-start investigation into loans to “politically exposed persons”
New US tariffs have varying impact on prices – Canadian research
Over the long term, tariffs have “modest impact” on aggregate prices and output
Ghana’s Addison blames predecessors for banking system weaknesses
New governor closed seven banks in 12 months in banking system clean up
Podcast: Preventative measures
Many central banks currently lack a key power that could help them deal with crises, argues Andrew Metrick
Head of Polish financial regulator arrested on corruption charges
Central bank governor still has PM’s confidence after defending accused regulator – senior official
Palestine launches financial inclusion strategy
PMA hopes to push inclusion rate up to at least 50% by 2025
Smaller banks struggle in Danish stress tests
Non-systemic lenders fall short by almost $100 million
Basel III may be second-best outcome, admits Coen
Basel Committee secretary-general says framework could be strengthened
Moldovan finance minister becomes central bank governor
Ex-governor worked closely with new appointee in handling aftermath of massive bank theft
Italian crisis and trade tensions are raising eurozone risk – ECB
Emerging market stress and fears of protectionism may drag down global growth, ECB says
UK banks’ holdings of leveraged loans ‘very small’, BoE says
Global leveraged loan market growing rapidly but lending standards falling, says Bank of England
New Zealand governor says banks need higher capital ratios
RBNZ concerned that country could pick up bill for failure of foreign-owned banks, Orr says
Fed’s emergency lending facilities eased funding pressures, researchers find
Facilities likely avoided severe sale of assets at fire-sale prices, authors say
Bank of Israel to form financial stability committee
Central bank governor will chair committee aimed at co-ordinating regulators