News
RBNZ launches review into collapsed insurer
CBL Insurance to be liquidated after failing to assemble rescue plan
US academic likely to be next Bank of Israel governor
Amir Yaron likely to be appointed by Israeli cabinet but observer raises doubts about independence
Fed will delay stress capital buffers, Quarles says
Vice-chair says Fed is looking to modify stress-testing methods
Housing bottlenecks could boost eurozone inflation – ECB paper says
Labour shortage, scarcity of building land, and administrative hurdles could limit supply
HKMA’s ‘e-wallet’ feature suspended weeks after launch - local media
“Autopay” feature of new payments system hit by fraud allegations; HKMA says security is robust
EU offers Iran sanctions relief with new clearing house
Iran retains access to Swift network despite US sanctions, but new clearing house could provide permanent loophole
People: Sri Lanka’s central bank promotes two new deputy governors
Attygalle and Karunarantne become deputy governors, Kilponen to succeed Välimäki at Bank of Finland, IMF promotes representative in Argentina, and more
Riksbank to add Norwegian and Danish krone to reserves portfolio
Change responds to banks’ liquidity requirements in these Scandinavian currencies
Bank of Mexico opens second banknote printing plant
Existing facility has reached capacity and cannot keep up with banknote demand, says governor
ECB nominates Enria as next head of banking supervisor
Italian candidate likely to be accepted as next head of SSM
Basel rules force small countries to face irrelevant risks – Bahamas governor
Stress-testing parameters irrelevant for many small jurisdictions, Rolle says
Iceland hikes rates for first time since 2016
Central bank tightens rates as inflation continues to rise above target
Rajan sees room for disagreement between RBI and government
But former governor says triggering Section 7 would be cause to be “very worried”
Costa Rican central bank hikes rates over inflation fears
Government faces opposition to fiscal reforms as currency slides
Eurozone may be close to potential growth – ECB paper
But all estimates of potential GDP should be treated with caution, researchers argue
Barbados has done ‘reasonably well’ meeting IMF targets, says governor Haynes
Central bank records reserves uptick in latest quarterly review, as government commits to IMF financing targets
Chinese banks fail tests as PBoC warns of ‘grey rhino’ risks
Half of banks failed the most severe stress tests; central bank says transition to new economy might unleash unexpected risks
US banks’ strategic similarities pose risks – NY Fed official
“Supervisors should be dynamic and continue to evolve as the supervised firms do,” Kevin Stiroh says
West African single currency plans move towards lift-off
Ecowas community launches competition for design of new currency aimed at strengthening trade and growth within the region
Flug defends Bank of Israel’s role as government economic adviser
Departing governor clashed with executive over public spending priorities
UK banks struggle in EU-wide stress tests
Italian banks also suffer heavy losses in EBA’s most severe test conducted to date; BoE says UK faced tougher test than others
Review into New Zealand bank conduct reveals failings
New Zealand’s central bank urges government to provide regulators with sufficient powers to address conduct, as significant weaknesses appear in the sector
Malaysian central bank to offer $250 million in housing loans
BNM holds internal inquiry into land deal as former prime minister is charged
Bank of Canada publishes 30 years of staff forecasts
Online database “further step” in transparency efforts, deputy governor Wilkins says