Financial Stability
Libyan governor warns of economic collapse
Oil blockade is “bullet in the head” to civil-war torn country’s economy, Sadiq al-Kabir says
Turkish central bank tries to tighten policy without hiking rates
Currency continues to slide as data shows central bank’s FX reserves fell by one-sixth in 12 months
Canadian households face ‘crucial’ months – BoC governor
Macklem warns that financial risks to households are likely to rise as loan deferrals end
Carbon tax could help monetary policy – ECB paper
But tax will only improve welfare if alternatives to carbon-based power are available, say researchers
Fed and OCC act against Citigroup
US lender fined $400 million by OCC as regulators cite poor risk management
IMF staff warn ‘exceptional’ demand for funds likely to continue
Executive directors agree to extend debt relief and higher borrowing limits
BoE may update resilience guidance, post-Covid
Granular targets on minimum service provision after outages could be revisited, adviser suggests
IEO calls for IMF to rethink house view on capital controls
Independent review says 2012 reform was helpful but still suffers from shortcomings
Global fraud framework needed as digital transactions rise – report
Covid-19 has forced consumers to trust new payment methods, but it could come at a cost
US Treasury imposes sanctions on Syrian central bank chief
Governor Karfoul used extortion tactics to help Assad regime, alleges US Treasury
Beyond climate: addressing the ‘E’ in ESG
Environmental degradation raises fundamental questions about how central banks think about risk
DNB survey looks at factors driving trust in financial system
Authors use data from DNB survey of Dutch consumers of financial services
FCA grants UK firms 15 months to comply with post-Brexit rules
UK regulator updates handbook to show which regulation must be adhered to by the end of 2020
Fed extends Covid-19 emergency measures
Lael Brainard is again sole vote in favour of outright ban on banks making dividend payments
World faces systemic debt crisis, IMF warns
IMF calls for urgent reforms and Japanese finance minister criticises China over debt agreement
EBRD commits to 50% green investment policy
Three candidates from European finance ministries compete to become bank’s next president
Covid-19 pandemic speeds up adoption of mobile banking – HKMA’s Yue
Eighty per cent of payments under Cash Payout Scheme were made electronically, HKMA chief says
BIS paper explores impact of sterilised FX interventions
Authors say economic and financial stability implications of intervention have been understudied
FCA increases guidance to big tech around consumer protection
UK regulator mulling whether it needs new powers to prevent exploitation
State regulators could lead on CFTC climate risk plans
Sympathetic rulemakers don’t need to wait for a change of federal government, say experts
Nigeria’s central bank implements financial inclusion strategy targeted at women
Central bank wants to close financial services gender gap by 2024
BoK launches facility to guard against dollar liquidity squeeze
South Korean central bank creates new facility to cut risk of dollar liquidity crisis
BoE welcomes temporary deal on post-Brexit clearing
‘Equivalence’ decision will avoid short-term cliff-edge for CCPs, as Brexit negotiations enter final stages
Central banks must collaborate to tackle payment ‘shortcomings’, says Cœuré
Matching up disparate systems is challenging but central banks can catalyse change, BIS official says