News
MAS warns firms over third-party cyber risks
Ravi Menon warns of risks from open source software and third-party service providers
RBNZ extends some emergency measures
New Zealand central bank delays capital changes again and may reinstate LTV limits
A 19th century bank failure holds lessons for stablecoin era – BIS paper
Bank of Amsterdam’s early “stablecoin” fell apart as the bank lent more freely, authors say
BoE warns banks: start preparing for a higher carbon price
Risk Live: stress tests should assume rising carbon price, regardless of government policy, says Breeden
Vietnamese central bank gets first female governor
Deputy governor Nguyen Thi Hong to become the first governor of State Bank of Vietnam
RBNZ launches funding for lending programme
Central bank avoids taking rates negative but says the policy remains an option
Lagarde signals Covid-19 stimulus will remain active for longer
Asset purchases and bank lending programmes will be key ECB tools; rate cut not mentioned
IMF postpones 2021 annual meeting in Morocco
Meeting will go ahead in Washington, DC, instead, with new Marrakesh date scheduled for 2022
EBA wants Basel to revisit prudential rules on software
Banking regulator set to soften capital impact of IT assets, but proposals are still out of line with US
Baltic central banks aim for joint commercial paper market
Estonian, Latvian and Lithuanian central banks to work with EBRD on creating short-term debt market
Fed examines climate risks in stability report for first time
It is “vitally important” that climate risks are “assessed and addressed”, says Lael Brainard
China mandates deposit insurance labels
PBoC goes further in implementing deposit insurance policies to mitigate risk
Turkish finance minister quits after president fires governor
Finance minister resigns before new governor signals he will consider raising policy rates
BoE will not use climate stress tests to set capital buffers – Bailey
Andrew Bailey reveals new details of tests, with launch set for summer of 2021
Malawi’s central bank cuts interest rates as inflation outlook improves
Central bank projects annual inflation to fall below 9% this year
IMF staff suggest review of Mexico’s inflation target
Mexican government needs to abandon restrictive fiscal policy, many IMF directors say
Wilkins to leave Bank of Canada five months early
Replacement will need to have experience leading organisations through “change and uncertainty”
Fed holds rates as US recovery falters
Powell calls for fiscal stimulus and says further Covid-19 wave is hitting poor hardest
MAS secures more financial crime convictions
Nine individuals convicted as a result of MAS investigations over 18-month period
People: Iceland’s central bank makes senior appointments
New legal head at Bank of Finland, and Bank of Israel appoints spokesperson and IT chief
Riksbank governor criticises proposed central bank law
Lawmakers’ proposal would damage ability to deal with crises and reduce independence – Ingves
BoE expands asset purchases as UK locks down again
MPC publishes more pessimistic forecast of 11% growth contraction and high unemployment
Colombia’s governor to leave central bank in December
Departure could open door to Ana Fernanda Maiguashca as first female governor
Barbados governor hits back at AML ‘blacklisting’
Action by EU is “pernicious” amid pandemic and IMF programme, says Cleviston Haynes