Banks
BIS paper proposes network model of global contagion
Authors create a network of CDS linkages to assess contagion risk in the financial system
UAE central bank hails new financial stability remit
Financial stability report notes NPL levels have risen, but banks are also making larger provisions
IMF supports Cabo Verde’s reforms with new programme
IMF supports monetary policy reform and says central bank must improve supervision and comms
E-money poses serious threats to financial system, says IMF paper
Paper recommends a ‘synthetic CBDC’ to preserve financial stability
Bank of Tanzania removes CEO of state-owned TIB Bank
The IMF has flagged the high levels of non-performing loans in the banking sector
IMF backs ECB’s looser stance
Directors concerned about banks’ low profitability, and call for common deposit insurance scheme
Regulators need ‘stick and carrot’ to deal with NPLs – BoI paper
Optimal policy combines capital transfers and NPL disposals to wipe out owners’ rents – researchers
The twilight of banking supervision
Supervision of banks in Europe has deteriorated
RBI steps up liquidity support amid government credit push
Government launches credit guarantees for public sector banks that lend to non-bank financial firms
Mongolia must reform banks to receive IMF aid
Central bank must make sure banks raise all needed capital, IMF team leader says
Irish central bank levies record fine on Wells Fargo
Irish subsidiary of US bank fined $6.6 million for “serious failings" in regulatory reporting
Nigerian central bank pushes for increased lending
Banks must lend money or face higher cash reserve requirements
ECB needs liquidity powers for bank resolution – Spanish governor
De Cos stresses mechanism must include guarantees to repay public money
Moroccan central bank opens investigation into stolen cash
Bank Al-Maghrib says 1.2 million dirhams disappeared in suspicious circumstances
RBNZ accepts criticism on supervision of CBL Insurance
The insurer was placed into full liquidation in November 2018
RBNZ on course for capital ratio hike despite backlash from banks
Big banks say plan is “too large and too costly”
Belize starts charging banks for payment processing
Central bank had previously shouldered the cost of the payment system
RBI: bank balance sheets appear to be on the mend
Turbulence of 2018 may have forced non-bank finance firms to face up to risks, says central bank
Large US banks pass Fed’s second round of stress tests
Fed approves capital plans of 17 of largest banks, which now can increase dividend payments and share buybacks
US bank competition weaker than thought – St Louis Fed paper
Measuring off-balance sheet actives shows some banks have 10% more pricing power, says researcher
RBNZ aims to toughen banking oversight
New Zealand central bank wants to play a more “intensive” and “intrusive” supervisory role
Switzerland should tighten macropudential policies – IMF directors
Authorities should strengthen financial regulator and address real estate risks, IMF chiefs say
More work needed on liquidity rules – BoE’s Saporta
Victoria Saporta says aspects of liquidity regulation still need enhancement
Rupiah stability in focus as Bank Indonesia eases requirements
Central bank likely to wait for the Fed’s rate decision before cutting main rate