Financial Stability
Narrow bank TNB hits back at Fed regulatory proposal
Fed overreaching by attempting to rewrite its chartering authority, TNB says
Irish central bank voices concern over firms’ senior executives
Sharp rise in number of candidates rejected for senior roles on “fitness and probity” grounds
ECB again criticises Slovene attempt to change central bank law
Politicians’ attempt to compensate bailed-in shareholders would break EU law – ECB
Carstens warns fading regulatory momentum strengthens ‘vested interests’
BIS chief says complacency could set in as regulators move from implementation to evaluation
PBoC takes over city commercial bank in bid to stop contagion
Central bank says this is a standalone case and it has no plans to take over other banks
Regulations lower rates and cause imbalances – BoE paper
Research into repo market highlights some unintended consequences of post-crisis regulations
Bank of Israel to collaborate with national body on cyber defence
Memorandum with National Cyber Directorate sets stage for closer co-operation on bank security
BoE makes climate risk a hot topic for banks
Financial institutions must entrust oversight of climate risk to named individual under senior managers regime
A climate of change
Central banks are striving to take practical steps to tackle climate change risks. Can they succeed?
Trinidad and Tobago prime minister ridicules central bank’s migrant figures
Acting PM says he has “no idea” how central bank estimated cost of Venezuela crisis
New data reveals 20% drop in correspondent banking
CPMI data reveals ongoing decline; FSB unveils latest work to reverse trend
US corporates ‘substantially’ more leveraged than thought – Dallas Fed researchers
Using a broader measure than debt-to-GDP, levels are almost double, they say
RBNZ points to high private debt as main financial stability risk
New Zealand central bank stresses climate change impact on insurance industry
Hong Kong’s first green bond issuance oversubscribed
HKMA’s $1 billion five-year green bond proves highly popular
Costa Rican central bank backs government’s external financing plans
Move would reduce pressure on domestic rates and boost economic growth, it says
Universal deposit insurance lowers consumer fears – Bundesbank paper
Authors study major change in Germany’s bank deposit provision
BIS’s da Silva says climate change is an ‘epistemological break’
Climate change is starting to revolutionise investors’ thinking about risk, says deputy chief
Book notes: Currency, credit and crisis, by Patrick Honohan
Honohan brings an analytical eye to the measures taken to avert a deep crisis in Ireland
RBI toughens liquidity rules for non-banks in wake of 2018 stress
Default by IL&FS triggered liquidity problems across financial markets
ECB paper looks at short-term costs of higher capital ratios
Monetary policy should cushion blow caused by moving to higher capital requirements – researchers
BoE may impose capital floors on UK firms – PRA chief
Sam Woods says some leveraged loans are based on “heroic” risk assumptions