Financial Stability
Masaaki Shirakawa on lessons from crisis and how to reform central banks
The former governor reflects on a turbulent 40 years at the Bank of Japan, and considers how central banks might face up to the challenges of the future
BoE tightens countercyclical buffer as risks stabilise
Banks expected to meet higher rate without cutting lending, even as capital ratios dip
IMF criticises Chilean pension withdrawals
Fund says crisis measure was excessive and now threatens process of market deepening
New Zealand banks well positioned to face new Covid shock, says RBNZ
Central bank carried out both solvency and liquidity stress tests in 2021 exercises
Project Jura executes ‘real-life’ cross-border CBDC settlement
“Dual-notary” structure could help protect monetary sovereignty, says Benoît Cœuré
Podcast: Andreas Dombret on central bank climate supervision
Former Bundesbank senior official says financial sector is still underestimating climate risks
RBNZ’s Bascand: ‘bias towards prudence is probably a good thing’
But next 10 years likely to see greater focus on efficient regulation, outgoing deputy governor says
FSB says gaps remain in resolution regimes
Ten years since resolution framework was published, bank bailouts are still taking place
Bank of Israel increases banks’ ESG reporting requirements
Reform aims to bring higher transparency standards to Israeli financial system
BIS calls for systemic approach to non-banks
“It is essential to reduce the need for emergency central bank support,” says report
Quarles says Congress should rein in Fed funding
Former vice-chair for supervision calls for new body to wind down liquidity programmes
Eurozone QE helped increase R&D spending, paper finds
Firms that had bonds bought by the ECB increased R&D spending by 9% on average
Argentine central bank orders foreign exchange sales
BCRA also bans “payments in instalments” for overseas travel as currency weakens
Sri Lankan central bank holds rates despite rising inflation
Authorities face FX crisis as prices increase at fastest level in four years
Lebanese president orders central bank to comply with audit
Aoun says repercussions from failure to hand over documents would be negative on all levels
BoE paper links inequality to credit crises
Central banks will redistribute resources whether they act or not, authors say
JP Morgan becomes world’s most systemically important bank
A handful of banks climb the rankings in this year’s updated FSB G-Sib list
US agencies conduct ‘policy sprints’ to tackle crypto risks
Approach modelled around “tech sprints” aims to get results quickly
Financial crises can radicalise voters – BIS paper
German banking crisis in 1931 contributed to the rise of the Nazi party, researchers find
RBNZ prepares curbs on debt service
Central bank is concerned by “very high debt” and “unsustainable house prices”
ECB says banks are falling short on climate risk
Actions are “too slow” and no supervised bank is “close” to meeting expectations, central bank says
Lebanese governor claims personal audit exonerates him
Judge says court has ordered him to suspend Salameh probe as foreign investigations continue
BoE’s new RTGS system to be open 24/7 ‘if required’
Should industry require it, the upgraded system will be operational continuously
CPMI proposes ‘global settlement window’
BIS committee says window could work as focal point for aligning payment systems worldwide