News
Latin American economies threatened by pandemic resurgence – IMF
Western hemisphere chief warns recovery is uneven and under threat
European supervisors unveil new rules to combat ‘greenwashing’
Authorities say the “significant” new rules should lead to better climate disclosures, but warn of flaws in the underlying legislation
Colombian president sparks controversy with central bank appointments
Opposition senator claims choice of board members shows nepotism and state capture
New York Fed’s markets chief leaves for White House job
Singh will hold joint security and economics position; Baum becomes acting head of markets
Bailey hits back at critics in new hearing on LCF scandal
“I am quite angry”, says BoE governor, as he denies accusation of cover-up
CCP open access will be ‘integral’ part of Mifid review
EC official says politicians will need to decide whether to further delay open access
European central bankers see room for fiscal-monetary co-operation
Pandemic showed it was “critical” for both policies to work together, say central bank governors
UK’s New Payment Architecture brings ‘unacceptably high risks’ – regulator
Payments regulator warns new platform may be too costly and could quash competition
Fed small business survey paints grim picture
Most small businesses report revenue declines; many fear collapse without government aid
Myanmar junta names new head of central bank
Military leadership chooses former governor in reshuffle of economic leadership
German finance minister pushes chief regulator out
Bafin head and deputy resign over their handling of Wirecard scandal
Eurosystem adopts common sustainable investment principles
Eurozone central banks aim for climate disclosures on non-monetary policy portfolios in two years
IMF to update debt sustainability framework
Reforms aim to improve framework’s predictive capacity and transparency, IMF says
RBI offers bond accounts to retail investors
Central bank to sell debt directly to public, as recent auctions show signs of strain
PBoC subsidiary sets up joint venture with Swift
New initiative could be involved in internationalising renminbi and developing digital currency
BoE tells firms to prepare for negative rates
Preparation is not a signal that negative policy rates will be adopted, Bailey stresses
Thai interbank platform starts ‘bulk payments’
Upgrade will increase operability between systems, company says
ECB extends non-eurozone euro swap lines
Credit facilities set up at start of Covid-19 crisis will now run until March 2022, ECB says
HKMA defers trade facility repayments again
Loans may be extended further, HKMA says, as unemployment reaches 16-year high
People: new vice-governors in Burundi and the UAE
Plus appointments at the CFTC and Caribbean Development Bank
Draghi accepts task of leading next Italian government
Former ECB president must first secure enough parliamentary support to become prime minister
One-size-fits-all regulation won’t meet fintech challenge – FSI paper
Banks and big tech require specific approaches to ensure system stability, says Fernando Restoy
IMF grants Tonga $10 million emergency loan
Fund’s Article IV report expresses concern about banking sector; predicts GDP contraction
Final NSFR rule unlocks subsidiary funding for US banks
Technical clarification allows subsidiary capital to be assigned as funding for consolidated group