Banks
Policy responses to Covid-19
The coronavirus outbreak poses a real threat to the global economy
Do low rates spur investment?
Former IMF head writes there is little hard evidence that low interest rates spur investment
New body will share EU intelligence on cyber-threats
ECB, Europol and the EU Agency for Cybersecurity join forum to share cyber security information
Activist claims Bailey ‘not fit’ to govern BoE
High-profile activist criticises Bailey and FCA in new report
Cost of AML/CFT regulation could spell trouble for Barbados
Central bank governor urges financial firms to take risk-based approach
Why Bulgaria needs to deepen its currency board
Bulgaria’s currency board rules should be extended to transaction deposits at commercial banks
IMF chief warns of ‘dire’ coronavirus scenarios
Virus has already impacted global growth by 0.1 percentage points
ECB paper presents new model for ‘fire sale’ contagion
Agent-based model shows asset managers spreading contagion during larger liquidity shocks
Weak eurozone banks hindered monetary policy – Bundesbank paper
“High-risk” banks failed to increase loan spreads despite ECB liquidity injection, researchers say
Bank of Russia to sell controlling stake in country’s biggest lender
Central bank will sell stake in Sberbank to finance ministry and is likely to pass most profits to state
Stability versus solvency
There is still far too much regulatory forbearance on troubled bank debt
BoE’s Taylor argues for solution to IFRS 9 ‘headache’
Loss provisioning rules could worsen downturns and present issues for stress-testing, official says
Climate-related disclosures should be mandatory – RBNZ official
Assistant governor says firms should not be allowed to “cherry pick” what disclosures they make
Chinese banks set for mass loan repricing
PBoC set to launch new options to help markets manage interest rate risk
Fed could postpone stress buffer beyond CCAR – experts
Delays prompt speculation that new rules will only be known after stress-test results in June
Coronavirus contagion risk prompts central bank action
Asian central banks deploy contingency plans and tell banks to minimise risk of virus spread
BoE paper highlights non-linearities in bank funding and solvency
Results could be important consideration in stress-test design, authors say
MAS to allow financial data transfer to US
Data-sharing agreement could see personal data shared across borders
Bulgaria: long live the currency board
Bulgaria should reject the euro and extend its currency board to cover bank deposits
RBI tries to break firm’s dominance in retail payments
NPCI was launched with backing from the central bank, but may have gained too much market power
UK financial market has never been ‘cleaner’, says FCA official
New business strategy has helped regulator monitor insider trading
Dutch households sharply increased savings in 2019
Higher net incomes and the need to offset lower interest rates behind surge, says DNB
ECB monetary policy was weakened by regulation – Bundesbank paper
Tighter regulation reduced lending by weakly-capitalised banks from 2008 to 2018 – researchers
Central Banking Awards 2020: final winners announced
Awards include lifetime achievement, transparency, communications and website