Bailout
ESM shakes up management structure
EU agency adds board member and new divisions to prepare for expanded role
ECB welcomes Cypriot state’s rethink on central bank law
Law allows recapitalisation of central bank if necessary and clarifies powers to dismiss directors
PBoC takes over city commercial bank in bid to stop contagion
Central bank says this is a standalone case and it has no plans to take over other banks
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Interview: Sheila Bair on US regulatory reform and rollback since 2008
Crisis-era FDIC chair “saddened” by former Fed chairs’ focus on bailout powers
Former IMF chief blames Bank of Spain in Bankia case
Board followed central bank instructions in merger and failed IPO, says Rodrigo Rato
IMF urges eurozone to complete banking union with common deposit insurance
European leaders failed to agree on a common deposit insurance scheme at last week’s summit
Kohn ‘deeply’ worried Fed might not have support to fight next crisis
Former Fed official discusses political implications of financial crisis after documentary screening
Book notes: The Fed and Lehman Brothers, by Laurence Ball
Ball claims the Fed could have lent to Lehmans, lawfully and prudently, had it chosen to do so, writes Reddell. But agreeing the Fed could have provided liquidity support does not automatically imply it should have
Book notes: The bank that lived a little, by Philip Augar
History of British commercial bank Barclays fails to address key questions, writes Michael Taylor
Zimbabwe banks ordered to ring-fence foreign currency accounts
Move appears to be a step towards de-dollarisation
Bail-in regimes lower costs of resolution for states – ECB paper
Researchers present structural model of bank re-capitalisation
Caputo quits as Argentina central bank chief
Former finance minister cites ‘personal reasons’ for departure after just three months
Demetriades on political pressures on central banks and their governors
Former governor speaks on Cypriot banking crisis and his fears for euro stability
Cyprus inquiry probes central bank’s role in lender’s collapse
Senior supervisor says central bank and ECB failed to act after chief executive resigned in 2015
Richmond Fed economists design bank resolvability score
Score could help make complex living wills easier to interpret, authors argue
Russian central bank bails out another commercial lender
Asian-Pacific Bank is “socially important” in Siberia and Far East, Bank of Russia says
Book notes: Respectable banking, by Anthony Hotson
Author’s sensible goal of “respectable banking” is admirable, but recommendations would not all help to achieve this
ECB criticises Irish draft law on mortgage arrears
Draft law could encourage moral hazard and harm legal certainty, says ECB
US Treasury hones its bank resolution regulations
Chapter 14 from the bankruptcy code could be overhauled to limit use of Orderly Liquidation Authority
Sarb triumphs over public protector in latest ruling
Mkhwebane ordered to pay opponents’ legal costs as judge rules investigation was “unacceptable”
ESM hails Greece’s progress in third bailout
The country should exit the programme in August as growth accelerates and bond yields fall
Minneapolis Fed launches too-big-to-fail plan
Four-step plan proposes stricter capitalisation rules for big banks, looser regulation for smaller institutions