Regulation
BoE’s Woods dismisses calls to weaken Solvency II reform
Deputy governor admits matching adjustment remains a “point of contention” with industry
Iran imposes restrictions on payments
Authorities cite risk of cyber attacks, but economy has also faced capital flight
Basel Committee proposes capital add-ons for crypto exposures
Committee tightens proposed rules in several areas following high-profile crypto failures
IMF warns Iceland over bank privatisation and housing market
Some bank investors have conflicts of interest and housing market is overheating – report
US senator attacks regional Fed over fintech firm’s payments access
Kansas City Fed president Esther George refuses to release correspondence about terminating account
Zimbabwe central bank negotiates lower bread prices
Russia-Ukraine war and weak currency bring misery to southern African country
Virtual asset service provider sues Fed
Crypto firm wants “master account” but critics warn of regulatory problems
Fed hiring more staff to examine cloud providers
Regulator wants to put more “boots on the ground” at firms such as Amazon, Google and Microsoft
Zimbabwe lifts lending freeze
President had announced total halt to lending in bid to defend local currency
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
US banks anticipate delay to Basel III implementation
New Fed supervision head expected to align schedule with EU and Japan, but time is tight
BoE backs cut to insurers’ capital requirements
Post-Brexit move to ease regulations requires tightening of some other rules, central bank says
Bank of Jamaica will expand supervision of climate risks
Central bank notes island country is among 20 most vulnerable to climate change
BoE’s Woods envisages radically simplified capital regime
Prudential regulation head sketches simplified Basel III alternative
Paraguay legislative committee rejects crypto law
The central bank issued strong objections to the law, which passed the upper house in December
BoE paper finds benefits from swing pricing
Cost-benefit analysis suggests net benefit to curbing non-bank liquidity risk through swing pricing
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks
MAS crypto regulatory powers extended
New bill brings virtual asset providers under AML/CFT regulation
UAE central bank to 'Emiratise' finance sector
Measure will reserve 5,000 jobs for nationals by 2026
Brazil moves forward with crypto legislation
Economic committee votes to give the central bank new regulatory powers
US regulators fine Pakistani state-owned bank
Central bank-owned NBP will pay more than $55 million for AML shortcomings
Ecuador congress removes bank regulator
Legislators charged Ruth Arregui with failure to perform duties of her office