Europe
ECB paper presents new sovereign stress model
New method builds on earlier CISS model to measure systemic stress in eurozone
Unconventional policy is best response to financial shocks – ECB paper
Non-standard measures shield borrowers from unwarranted lending rate rises, researchers say
Riksbank says all banks should be ‘obliged’ to continue cash services
Central bank goes “a step further” in ensuring government legislation keeps cash alive in Sweden
SRB should publish banks’ MREL requirements – EBA’s Enria
But market abuse rules need amending to avoid SRB disclosing confidential resolution actions
Regional financing bodies agree to deepen co-operation
All three major regional financing funds now linked by MoUs
Exchange chiefs back Giancarlo in tussle over CCP oversight
CFTC may block US CCPs from acceding to EU supervision
Financial regulation reform must not stop, Olli Rehn tells IMF
Foreign-denominated lending may threaten emerging markets, Finnish governor warns
Draghi warns of dangers of ‘cliff-edge Brexit’
ECB president says some governments are endangering central bank independence
ECB board weighs external risks in policy meeting
Risks in growth outlook “broadly balanced”, ECB reports
UK payment service providers at risk under ‘no deal’ Brexit
Payment service providers risk being locked out of Target2 and Sepa
Shift to internal models has increased largest EU banks’ risk – Finnish paper
Exposure to market risk of biggest European banks has grown over last 30 years, researchers find
Eurozone fiscal rules have major pro-cyclical effects – DNB paper
Researchers say strengthening fiscal buffers may modify stability pact’s effects
Esma head issues Brexit warning over UK CCPs
Maijoor calls for continued access for EU members
Cyber security should become part of a firm’s culture – Irish deputy governor
Warnings must not get diluted as they pass up the chain, Sibley says
Draghi’s ‘whatever it takes’ cut bank risk-taking – BIS paper
Study examines Mexican markets to pick out effects of the ECB president’s intervention
Mersch issues warning to European payment providers
European firms must innovate or risk being competed out of instant payment sector
Bail-in regimes lower costs of resolution for states – ECB paper
Researchers present structural model of bank re-capitalisation
Euroclear to offer US dollar settlement in central bank money
New settlement should reduce credit and operational risk on settlement banks
ECB says Cyprus must act carefully over NPL plans
Government must also take care over treatment of assets of collapsed bank, ECB cautions
People: Mexico appoints board member
Jonathan Heath to join Bank of Mexico board; new deputy governor in Solomon Islands; Google’s Julien Blanchez to head Swift data analytics
EBA raises ‘serious concerns’ over Malta’s AML regime
Enria calls for changes to EU’s AML regime and says Maltese authority must make major changes
Draghi calls for new macro-prudential tools
Policy-makers do not fully understand “shadow banking” sector, Draghi tells ESRB
DNB says Dutch banks must tighten money laundering controls
Netherlands Bank calls for harmonisation of European AML regulations and beefed-up EBA role
EBA warns on funding stresses from QE exit
‘Mediterranean’ banks’ reliance on repo funding could be tested by withdrawal of stimulus