Financial Stability
Big data should help solve problems ‘on the ground’ – Ireland’s Kearns
Central banks need to do more than simply invest in technology and analytics, says Kearns
Most US community banks could withstand housing slump – researcher
San Fran Fed researcher says less than 1% of banks would be “severely undercapitalised”
IMF recommends new tool to measure housing market risks
Model shows downside risks in Chinese housing market have grown recently, report finds
Uncertainty demands pragmatic approach, French governor says
Villeroy de Galhau warns central bankers to avoid creating “additional doubts”
Eurozone macro-prudential policies have large cross-border effects – ECB paper
Impact especially strong when different countries have asymmetric financial cycles, researchers say
Pakistan central bank opens up financial sector to non-bank players
Finance minister pledges central bank-issued digital currency by 2025
National Bank of Cambodia to deploy blockchain payments system in 2019
Use of blockchain may improve financial inclusiveness of payments system
Indian governor says court defeat will not stop stressed asset resolution
Governor says RBI may issue a revised circular after adverse legal ruling
Arab regional payment system set for 2020 launch
New system would replace costly and inefficient correspondent bank model
Apra signs deal on new data platform
Vizor will provide the software and Dimension Data will implement the system
Bank of Spain warns stressed assets remain above pre-crisis levels
Deputy governor says mergers are clear alternative to boost profitability and efficiency
EU regulators warn on no-deal Brexit impact
Firms must make contingency plans, regulators say, as Brexit deadlock continues
Fed to require fewer banks to submit resolution plans
The reform is the latest effort to streamline regulation under the Crapo Bill
NBU’s Smolii speaks out about political interference
Ukrainian governor says politically powerful people still blocking economic reform
Irish central bank says draft NPL law could worsen bank crises
Measure would restrict funding options and make credit more expensive, ECB warns
Quarles defends decision to set countercyclical buffer at zero
But there may still be disagreement within the Fed’s ranks
Uganda’s Tumusiime-Mutebile raises concerns about growth
African country’s growth momentum looks set to stall as global uncertainty weighs on economy
India’s Supreme Court deals major blow to RBI bank clean-up
Court strikes down tough RBI ruling on stressed assets
Latvia tightens AML framework
Rules on beneficial ownership, fake currency and cash forex transaction all amended
Housing debt increases on the back of reforms – Israel annual report
Bank of Israel documents changes in the mix of credit