Financial Stability
Ethiopia’s central bank launches digital payments strategy
NBE pledges to launch retail real-time payments system and consider charges on cash use
G30 calls for major US Treasury market reform
Rise of non-banks and side-effects of regulation are triggering bouts of “dysfunction”, report warns
Ignoring fire sales weakens stress tests – Bank of Austria paper
Paper presents new method for calculating effects of deleveraging by distressed banks
Covid-19 recovery highlights stark inequality between nations – IMF
Policy support and speed of vaccination programmes have widened gaps, Gopinath says
Macro-pru can help avoid ‘reversal interest rate’ – Bundesbank paper
Use of capital ratios can aid eurozone monetary policy, researchers say
Macro-pru mortgage limits were successful – RBA research
Central bank rates performance of policies implemented to cool risks in the housing market
Podcast: Payment infrastructure for a digital era
Central Banking speaks to representatives from ACI Worldwide and Mastercard about why collaboration with the private sector is crucial for payment infrastructure in the digital era
ECB to lift limits on bank dividends from September
Supervisor stresses lenders should remain prudent in distributing dividends and share buy-backs
Finalising Basel III is crucial for the EU banking sector
EU banks stand to be more heavily impacted by Basel III finalisation, but that is not a good reason to hesitate, says Pedro Duarte Neves
FCA asked to investigate ‘unwarranted’ bank account freezing
Parliamentary committee concerned AI may have caused ‘inappropriate bias’
New BoE climate risk scenarios spark race for extra data
Banks need information from clients or third parties to populate 1,760 stress test variables
Technology is the best bet in fighting money laundering
Danish FSA chief Jesper Berg says there is a need to think ‘outside the box’ on AML, rather than blame flawed regulatory and institutional design in dealing with corrupt money flows
Philippines governor issues caution over proposed fiscal package
Faster vaccinations, structural reform and infrastructure are key to recovery, Diokno says
Malawi launches corporate social investment policy
Policy will see central bank embark on projects supporting society
The ‘golden age’ of central banking has passed
Central banks face multi-faceted challenges and weakened autonomy amid highly polarised inflation expectations
IMF mulls SDR reallocation ‘trust’
Fund is considering ways SDR allocation can be channelled to vulnerable countries
Kenyan governor asks for powers over digital lenders
Unregulated lenders are helping create ‘ballooning household debt’, Njoroge says
Libyan governors meet as UN tries to broker reunification
Audit will recommend ways to end division of central bank caused by civil war, reports say
Bank of Israel allows banks to resume dividend payments
Central bank recommends ‘prudent approach’ as Covid-19's impact remains uncertain
RBI bans Mastercard from taking on new customers
Indian central bank sanctions card issuer over failure to store all payments data locally
IMF’s Zhang says external financial lifelines must be ‘preserved’
Fund is providing AML/CFT training in the Pacific to stem correspondent banking crisis
BoE removes ‘guardrails’ on bank dividend payments
Central bank eases restrictions as outlook for UK financial sector improves
BoE paper explores impact of machine learning on credit
Benefits of AI-driven screening depend on market characteristics, authors find
Climate training hub launched by international consortium
BIS training platform will act as single access point for climate risk training for central banks