Financial Stability
Cyprus ex-governor says authorities asked for false audit of failed bank
Orphanides accuses central bank and former government of “murdering” Cyprus Co-op Bank
US regulatory sanctions lead to banks cutting credit costs – Finnish paper
Sanctioned banks cut loan costs by 22bp on average, researchers find
Basel Committee moots changes to leverage ratio
Regulation could be amended to mitigate central clearing impact
BoJ governor offers advice on domestic resilience to external shocks
Central bank co-operation and communication are crucial for domestic resilience, Kuroda explains
SRB should publish banks’ MREL requirements – EBA’s Enria
But market abuse rules need amending to avoid SRB disclosing confidential resolution actions
Venezuela says it will drop US dollar for euros
Maduro government’s plan cannot succeed, expert says
Inflation expected to reach 10% in Malawi
Rising electricity, food and fuel prices forces inflation well beyond central bank target
Basel Committee finalises streamlined stress-testing guide
Updated principles reflect “rapid evolution” of stress-testing since 2009
Regional financing bodies agree to deepen co-operation
All three major regional financing funds now linked by MoUs
Ghana’s central bank ramps up cyber effort
Central bank launches new directive and security operations centre
Exchange chiefs back Giancarlo in tussle over CCP oversight
CFTC may block US CCPs from acceding to EU supervision
Swift calls for standard API methodology
Open banking ecosystem will only succeed if standard-setters create universal methodology, Swift says
Fraud growing faster than non-cash payments, Fed finds
Cases of payments fraud are getting smaller but more common, survey finds
Financial regulation reform must not stop, Olli Rehn tells IMF
Foreign-denominated lending may threaten emerging markets, Finnish governor warns
FCA sets out stance on climate change
Firms may be asked to publicly disclose how they manage climate risk
Emerging market governors back targeted capital controls
Governors says capital flow measures can be important tools in some circumstances
Draghi warns of dangers of ‘cliff-edge Brexit’
ECB president says some governments are endangering central bank independence
RBI’s Acharya stresses need for ‘prompt corrective action’
Tool allows supervisors to intervene early and should discipline bank managers, deputy says
BoE to demand senior financiers tackle climate risks
Proposals from PRA would hold senior managers accountable for climate change risks