Banks
IMF paper studies bank asset quality in emerging markets
IMF research paper finds significant links between banks' asset quality, credit and macroeconomic aggregates
Fed paper studies the effect of Tarp on bank risk-taking
Discussion paper says the increase in risk-taking without an increase in lending following Tarp capital injections “is suggestive of moral hazard due to government ownership”
Buba discussion paper uncovers secrets of board risk-taking
Researchers find board changes that result in more female executives at banks can lead to increased risk-taking; executives with PhD qualifications reduce risk
Deputy governor renews Bank of Japan attack on Volcker rule
Kiyohiko Nishimura reiterates Bank of Japan’s concerns over unintended consequences of Volcker rule; says “prudent assessment” of potential impact of the rule on other countries is “crucial”
Czech National Bank unveils stress-test results
Czech banking sector prepared to withstand “significantly adverse stress scenario", says central bank
Ireland replaces credit institutions supervisor
Jonathan McMahon announces decision to return to the UK; Fiona Muldoon, director of insurance supervision to assume responsibility for the supervision of credit institutions
CB.com poll finds support for financial transaction tax
Survey sees 56% of voters support the introduction of a financial transaction tax in Europe
European Central Bank lends $712 billion to banks
ECB doles out €529.5 billion in low interest loans; analysts raise concerns about how effective the second round of the LTRO will be and the market reaction
Chinese government hampering financial industry, World Bank warns
New World Bank report sees flaws in China's regulatory system
Boston Fed paper evaluates impact of accounting standards on institutions
Boston Fed researcher finds that implementing fair-value accounting may not necessarily provide financial statement users with more transparent and useful reporting
EU banking sector reform group finalised
EU commissioner reveals picks for expert group on banking reforms; governor of the Bank of Finland is chairman
RBI’s Chakrabarty notes progress in Indian banking sector
Reserve Bank of India deputy governor says improvements still needed in financial inclusion, competition, consolidation and globalisation
Vietnam and San Francisco Fed reflect on banking seminar
State Bank of Vietnam deputy governor meets with delegation from Federal Reserve Bank of San Francisco; group discusses recent seminar on monitoring and managing banks in Vietnam
Italy’s Visco issues call to action for banks
Governor of the Bank of Italy says banks must not “starve” the economy of credit; explains now is the time to intensify efforts to strengthen balance sheets
Bank of Japan adds to Tankan survey pool
Japanese central bank refreshes companies and financial institutions that make up the sample group for the influential survey; adds 102 enterprises and five financial institutions
China cuts reserve ratio again
People’s Bank of China knocks 50bp off the reserve requirement for the country’s largest banks; policy to remain “prudent” says central bank
IMF paper investigates valuation impacts of geographic diversification
Paper finds shareholders are less able to monitor firm executives in diverse bank holding companies; allows corporate insiders to extract larger private benefits
Ukrainian central bank signs agreement with banking association
National Bank of Ukraine agrees to deeper co-operation with Independent Banking Association of Ukraine; two bodies sign memorandum of partnership and co-operation
China prepares for an ‘arduous’ year
Task of maintaining financial stability will be ‘arduous’ in 2012, says People’s Bank of China deputy governor; focus will be on risks from regional banks and non-banking institutions
UK banks miss 'Project Merlin' lending targets
Results of 'Project Merlin' show bank net lending fell in 2011; major banks missed targets for lending to smaller businesses
Central Bank of Ireland reveals enforcement priorities
Irish central bank tells financial service providers what it will focus on in terms of enforcement actions in 2011; warns reactive enforcement will also occur outside of set priorities
Shirakawa warns against renewed risk of spillover effects from Europe
Bank of Japan governor Masaaki Shirakawa says Asian banks should pay careful attention to deleveraging by European financial institutions; calls for further efforts to develop corporate bond markets in the region
EBA makes first assessment of banks’ capital plans
European Banking Authority receives recapitalisation plans from majority of banks highlighted in capital shortfall assessment; confirms no EU-wide stress test until 2013
Brazil deputy governor positive about economic future
Aldo Mendes says Brazil is prepared to face global economic deterioration; expects to see final growth figure of 3% for 2011 announced soon