Banks
Finding our way to the new Ibors
Richard Heckinger highlights possible pitfalls on the road to new reference rates
RBA warns about falling Australian house prices
Prices have declined since 2017, although unemployment and interest rates are at low levels
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
An international system for all
Reform of the system that brought about the financial crisis in 2007–08 has not gone far enough, writes Zhu Xian, IFF vice-chairman and vice-president of the New Development Bank. Developing countries are demanding greater influence in global economic…
Zimbabwe signs agreement with IMF to strengthen macro framework
New agreement will complement government reforms to foster macro stability amid high inflation
Riksbank supports plan for LCRs in all significant currencies
Swedish central bank thinks liquidity coverage ratio should be 100% in all major currencies
Central banks will not rescue firms from future of payments – ECB’s Cœuré
Market disruption is likely as incumbent banks fight to remain relevant to customers who demand more from their payment service providers
Cyber fraudsters starting to rethink tactics – report
Swift research shows hackers have switched to transferring smaller amounts during normal business hours
Bahraini women gain prominence in financial sector
Number of local women employed increases by 2.2% in 2018, central bank data shows
FCA signs new agreement with Asic as Brexit looms
UK regulator ensures continuity for trade repositories and alternative investment funds
Risk management worsened in 2018 at large EU banks – ECB
Supervisory review of EU banks shows fall in quality of governance, but no rise in funding risks
BoE evaluating ‘utility’ cash distribution model
Model has helped streamline operations in countries where cash usage is on the decline, including Finland and Sweden
Kenya’s financial inclusion rate passes 80%
Mobile banking has helped inclusion rates increase by over 200% over the last 13 years, but the technology has also introduced new risks
IMF calls on Kuwait to improve crisis management
Financial sector assessment praises recent reforms, but also sees room for improvement
Indian governor says court defeat will not stop stressed asset resolution
Governor says RBI may issue a revised circular after adverse legal ruling
Arab regional payment system set for 2020 launch
The new system would replace the costly and inefficient correspondent bank model
Apra signs deal on new data platform
Vizor will provide the software and Dimension Data will implement the system
EU regulators warn on no-deal Brexit impact
Firms must make contingency plans, regulators say, as Brexit deadlock continues
India’s Supreme Court deals major blow to RBI bank clean-up
Court strikes down tough RBI ruling on stressed assets, ending requirement for swift action in cases of default
Housing debt increases on the back of reforms – Israel annual report
Bank of Israel documents changes in the mix of credit as reforms look to increase competition in the credit market
Major EU banks would withstand economic storm – ECB research
ECB test says in profound crisis below 10% of banks would struggle to meet capital requirements
Kenyan High Court strikes down law capping interest rates
But court rules law did not infringe central bank’s mandate and says caps could be brought back
BoE to improve supervision in light of bank’s near-collapse
Report on the Co-op Bank’s near-failure warns ‘open banking’ could throw up new systemic risks