Randal Quarles
How the Fed’s Covid stress test got stuck in the middle
Experts fear CCAR add-on has neither informed investors nor guided capital management
Fed’s safety nets are ‘fundamentally unsustainable’
The Fed’s new safety nets will allow “zombie companies” to thrive and drag down productivity; ever-increasing levels of interventions are “fundamentally unsustainable, intertemporally”, says William White
Fears rise over breakdown in Basel and IFRS standards
Bretton Woods institutions worried about growing divergence in capital and accounting standards as credit impairment tsunami looms; US and many emerging economies skirting the rules
Fed to stress-test banks’ leveraged loan exposures
Test features leveraged loan shock; scenario includes biggest-ever rise in unemployment
FSB raises pressure on stablecoins as firms abandon libra
Several major payment firms have distanced themselves from the project amid intense regulatory scrutiny
Brainard attacks Fed plan to soften regulations
Governor warns regulatory cutbacks risk weakening “core safeguards” put in place post-2008
Mark Carney on joined-up policy-making, forward guidance and Brexit
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail and use of CCyBs, highlights challenges of an asymmetric monetary system, hits out at cumbersome payments and warns Facebook’s libra cannot ‘learn as…
Large US banks pass Fed’s second round of stress tests
Fed approves capital plans of 17 of the largest banks, which now can increase dividend payments and share buybacks
FSB weighs options for tackling rise of non-banks
Randal Quarles says strict regulation is necessary if crypto assets like Libra become widely used
Fed’s Quarles casts doubt on leaning against the wind
But we “do not fully understand” the potential trade-offs, he says
Understanding the Fed’s proposed reserves tool
The FOMC hinted at a tool for cutting reserves demand at its last meeting – the question is, why?
BoE to implement TCFD climate impact recommendations
Mark Carney unveils UK central bank’s move at NGFS event in Paris
Now is a ‘critical time’ for Ibor transitions – Bailey
Global regulators convene in Washington, DC to tackle the transition to new benchmark rates
FSB to tackle technological innovation under Japanese G20 presidency
Crypto assets, tech firms and cyber risks all on the agenda, says Randal Quarles
Quarles: FSB to examine too-big-to-fail reforms
Organisation must improve transparency, says chairman Randal Quarles
Fed set to end quantitative tightening in September
FOMC will also slow the pace of its balance sheet reduction programme from May
FSB publishes annual work programme for first time
Priority is to address new vulnerabilities, while finalising, implementing and evaluating reforms
Quarles says FSB ‘must evolve’
New chair calls for changes in the way the organisation assesses financial sector threats
Non-banks continue rise as banks lose market share
Non-bank financial firms hit a record high, at nearly half of global financial assets, FSB finds; leveraged lending increasingly an area of focus
Fed’s Quarles outlines ‘building block approach’ to insurance regulation
Regulator chose not to copy and paste banking sector regulations onto insurers, says vice-chair
2018: The year in review
The past year marked a return to instability, but also saw some innovations among central banks
Quarles and Knot confirmed for top FSB roles
DNB president set to take full chairmanship after three years
Quarles set to take over as FSB chair
Klaas Knot expected to be appointed vice-chair with a view to taking top job down the line
Fed will delay stress capital buffers, Quarles says
Vice-chair says Fed is looking to modify stress-testing methods