Banks
ECB’s stress capital buffer still a ‘black box’ – banks
National regulators retain wide latitude to set Pillar 2 Guidance under new rules
NPLs down in nearly 70% of jurisdictions, despite Covid-19
Lower income nations hit harder than most during past five years; Asia, Africa and Americas NPLs on different trajectory to Europe
Australia’s banks can weather climate risk – RBA research
Climate change will have an impact on mortgages and loan-to-value ratios, research shows
PBoC tells payment firms to cut ties to other business lines
Governor’s speech follows reported crackdown on China’s Ant Group
Thailand and Malaysia invite banks to operate across borders
Banks can operate in host country with greater access and flexibility under Asean initiative
FCA bolsters investor protection through new campaign
Regulator will become more “assertive and agile” to responding to investment fraud
Villeroy de Galhau calls for banking union to be completed
French governor proposes creation of common deposit mechanism
BoE’s Hauser mulls future of central bank balance sheets
Balance sheets will be bigger but also more variable, executive director says
Cœuré issues urgent call for CBDC development
Central banks have no time to waste, says BIS official, as crypto and stablecoins threaten disruption
Hernández de Cos calls for full Basel III implementation
Basel Committee chair says that financial stability depends on adopting reforms
OCC issues $250 million penalty against Wells Fargo
US regulator says bank has failed to meet commitments on loss mitigation
In-depth reports less frequent than monetary policy meetings
Over 80% of central banks set monetary policy without always publishing in-depth reports
Carolyn Rogers hits back at critics of Basel III
BCBS secretary-general dismisses “very tired” arguments against full implementation
Bank Indonesia tells banks to provide financing to SMEs
As much as 30% of banks’ loan books will need to be directed to small businesses
Eurosystem calls for full Basel III implementation
Supervisors say output floor should be implemented through single set of risk-weighted assets
Policy-maker votes largely kept secret
Most central banks do not reveal how individual monetary policy-makers vote
Norges Bank given new macro-prudential responsibilities
Government assigns central bank power to set countercyclical capital buffer
Brazil delays integrating payments into ‘open banking’ project
Phase three of project delayed to October after technical difficulties emerge
Book notes: How boards work, by Dambisa Moyo
Moyo offers insights into the skills required to be a valued board director, as well as a thought-provoking list of issues that may appear with greater frequency on future board agendas
US regulators warn Wells Fargo of new penalties, report claims
Bloomberg says OCC and CFPB believe US bank is moving too slowly on compensating scam victims
Spartan️: tougher, ultra‑durable, cost‑effective banknotes for the note/coin boundary
CCL Secure explores how its new formulation of bank-grade polymer and ink technologies, Spartan, focuses on extreme durability and offers an imaginative, ultra-durable, efficient, sustainable and cost-effective solution.
Some philosophical questions about the future of central banking
Kenneth Rogoff weighs up the many challenges facing central banks in the years ahead, from debt and inflation to negative rates and the dangers of ‘mission creep’
Norges Bank finishes crisis liquidity support programme
Last loan to banks matures today as central bank returns to pre-pandemic framework
Rwandan central bank scraps e-wallet transfer fees
Customers can now move money between mobile and bank accounts without charge