Financial Stability
Thailand and Cambodia join forces on QR code network
Central banks to pilot QR code network for retail payments
Capital requirements impact collateral demands – BoE paper
Higher capital requirements can make banks demand more collateral, authors find
RBI lifts operation restrictions on three state-run banks
Banks no longer face dividend and compensation limits after capital ratios improve
Leverage increasing among large shared loans in US, regulators warn
Fed, FDIC and OCC say lenders are relying on borrowers’ “savings and synergies”
IMF endorses Hong Kong’s tight macro-prudential measures
But risks to the outlook appear to be building, the fund says
European Commission accuses eight banks of bond market collusion
EC can fine banks 10% of their turnover if it finds “sufficient evidence” of market rigging
Liberia steps up monitoring of NPLs
Credit reference system to help financial institutions keep track of credit history and debt obligations
Bangladesh Bank eyes national savings imbalances
Growth is high and inflation “contained”, but high-yield products are draining deposits from banks
Fed to open dialogue on stress tests
Conference will discuss the “transparency and effectiveness” of the stress tests
UAE central bank and Sama partner for blockchain project
New system aims to provide more efficient central financial transfer system
RBNZ demands action from insurers accused of conduct failings
Central bank finds “extensive weaknesses” in conduct and governance at life insurers
Spanish governor demands BBVA conduct thorough probe of spy allegations
The bank allegedly hired an ex-police chief in 2004 to spy on government officials and businessmen
Zimbabwe’s government hunts for dollar alternative
Continuing with dollarised economy could mean return to hyperinflation, economist says
‘Unsustainable’ debt needs more thought – BoE’s Broadbent
Sustainable debt levels can differ between economies, and may not be observable – deputy governor
RBNZ suggests eliminating minimum Tier 2 holding
New Zealand’s central bank proposes dramatically increasing Tier 1 to reduce resolution risk
RBI can remove barriers to micro-credit – Acharya
Central bank looking to solve information problems in a “fundamental way”, says deputy
Risks to eurozone growth are rising, warns Draghi
Uncertainty over trade and political instability are affecting confidence, ECB president says
Debt growth a better warning signal than levels – BoE’s Broadbent
Deputy governor says countries with high debt levels did not necessarily suffer more during the 2008 crisis
Bahamian financial sector shrinks by more than a third in six years
De-risking in international finance has disproportionately hit Caribbean banks, Rolle says
Sudan central bank again pledges new banknotes as crisis continues
Rising prices fuel violence in capital as governor says he will seek foreign funds
BoE paper studies CoCo effects in ‘one-shot game’
Game theoretic approach suggests CoCos cut risk-taking in certain circumstances