Financial Stability
Singapore looks to establish term RFR by 2020
Swaps linked to overnight rate will help create term structure, says industry committee member
Aussie regulator signals tougher misconduct stance
Asic warns it will use new powers to punish misconduct in wake of excoriating Royal Commission review
UK regulator seeks ways to ‘open up’ payments data
PSR says “synthetic data” could be used in trials to protect confidentiality
Law could help central banks fight the next recession
Brookings panel discusses using countercyclical regulations to boost spending at the ZLB
Shared supervision can help avoid ‘capture’ – BoE paper
Dividing tasks across agencies can lead to better outcomes by avoiding “supervisory capture”
Five insights into China’s green finance transformation
State direction offers quick mechanism to embed green finance, writes PBoC’s Ma
RBI weighs plan to boost securitisation market
Government-sponsored intermediary could be formed to act as market maker and standard setter
Fed proposes new capital rule for insurance firms
Fed does not anticipate firms would have to raise new capital
Macro-pru is no panacea
Many central banks need better macro-pru frameworks
BIS paper tracks new channel for funding ‘dry-ups’
A squeeze in one market can spill over to institutions with no direct exposure, authors find
MAS launches initiative to help payment firms with compliance
Two-month pilot will help connect payment firms with legal service providers
EU regulators must co-operate more over money laundering – EBA head
EBA will set up cross-border AML “colleges” but governments need to improve mandates, says Campa
Former Ukrainian governor says she was targeted in attack
Central bank says police must protect officials after Gontareva reveals she fears for her safety
Fed floats new stress test reforms after industry pressure
Previous proposal drew criticism from major global banks
Eurozone needs low-risk asset, ECB paper says
New asset would allow banks to change holdings of sovereign bonds, researchers argue
EU should stick with Basel output floor – ECB’s Enria
ECB supervision chief urges lawmakers to implement contentious Basel III model constraints
FDIC could reduce resolution costs by 17% – Bank of Canada paper
Eliminating uncertainty over auction process could reduce multiple bidding, researchers say
Tanzanian central bank fines lenders over in-country data centres
Move comes as doubts grow over quality of banking sector and official statistics
Asset bubbles play role in macro-prudential policy – IMF research
Their size may determine optimal tax levels to address credit imbalances
Lagarde calls for eurozone-wide fiscal capacity
Eurozone nations should have counter-cyclical fiscal instrument and common treasury – Lagarde
ECB and EU auditors sign deal on supervisory data access
Auditors will view sensitive documents in controlled environment, ECB says
Fears about eurozone countries weigh on credit creation – research
Perceptions of weakness at individual banks are less important – Bank of Portugal paper
Europe’s regulators grope for value of software
EBA looks for right approach to classifying financial firms' software investments