Financial Stability
MAS selects asset managers with green focus
Singapore government will start issuing green bonds, governor Menon says
BoE to consult on Sonia clearing mandate
Long-dated Sonia swaps set to lose clearing exemption as liquidity shifts from Libor
Sri Lankan central bank launches national financial inclusion strategy
Project aims to bring together “isolated efforts” on financial inclusion under central bank’s lead
Link between poor culture and higher bank risk ‘substantial’ – BoE paper
Regulators should ‘interrogate’ firm data to improve bank risk models, economists argue
UK regulators fix end date for Libor
Most Libor settings will cease at the end of 2021 as Bailey tells firms to finish their transitions
IMF staff suggest changes to Paraguyan supervision
Report calls for new pension fund supervisor and better supervision of non-banks
BIS paper proposes solution to ‘runnable brown assets’
Central bank liquidity backstop could boost stability and encourage firms to go green, authors say
Covid-19 reveals systemic flaws – Brainard
Fed board member weighs impact of March 2020 crisis in money markets, warning some risks remain
Yellen backs proposal for SDR issuance
G20 calls on IMF to develop proposal for “general allocation of SDRs”
IMF urges São Tomé and Príncipe central bank to support recovery
Lack of tourism and drop in remittances has caused recession, fund says
BoE unveils plan to ‘transform’ data collection
Decade-long effort to overhaul data standards and methods of reporting
Saudi Arabia to launch instant payment system in days
New system will go live following successful pilot with Saudi banks – Sama
Kenya’s central bank transfers $45.6m to government
IMF approves pause in fiscal tightening as Kenyan authorities deal with impact of pandemic
Brainard sets out Fed’s approach to climate risk
Fed board member sets out agenda similar to that of other major central banks
Paper presents real-time bank stress measurement tool
Bank of Italy paper can measure deposit flows using RTGS data, researcher says
New Nicaragua law may isolate local banks
Law could require domestic banks to maintain accounts of people under sanctions
Temporary green QE might have limited effects – research
Green bond buying can cut flow of pollution but has little effect on stock – Bank of Italy paper
ECCB persuades states to relax fiscal stance
IMF supports move to deal with pandemic’s effects, warning against “drastic fiscal consolidation”
ESRB warns governments not to withdraw stimulus prematurely
Report highlights how support measures face trade-offs between cliff effects and debt sustainability
Green finance: new initiatives in China, Europe and Americas
Eurosystem adopts common investment principles; China pushes climate modelling; and more
BoE may diverge from EU on software as capital
PRA opens consultation after Bailey says there is no evidence software assets should count as capital
Fed’s 2021 stress test includes major asset price shock
CCAR will evaluate 19 largest banks; scenario includes 55% fall in equity prices
RBI launches fresh bid to reform co-operative banks
Former deputy brought in to investigate measures to strengthen the troubled sector
The Covid crisis, central banks and the future
Crisis responses were needed, but have exacerbated significant underlying challenges facing central banks