Financial crisis
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Consensus over Fed inflation target shifted during Great Recession – San Fran Fed
Up until the 2008 crisis, most FOMC participants preferred a 1.5% target, researchers find
Irish central bank welcomes ‘culture board’ in bid to change banks
Board must enforce changes called for by central bank reports, Derville Rowland says
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.
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…
Riksbank supports plan for LCRs in all significant currencies
Swedish central bank thinks liquidity coverage ratio should be 100% in all major currencies
Norwegian deputy issues warning on high private debt
Official advocates gradual reduction of household debt to income, as a sudden shock is a risk
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Bank of Spain warns stressed assets remain above pre-crisis levels
Deputy governor says mergers are clear alternative to boost profitability and efficiency
Fed to require fewer banks to submit resolution plans
The reform is the latest effort to streamline regulation under the Crapo Bill
Quarles defends decision to set countercyclical buffer at zero
But there may still be disagreement within the Fed’s ranks
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
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
US bank holding companies have become less complex – NY Fed paper
Researcher examines organisational, business and geographical complexity in decade after 2007
Irish finance minister seeks candidates for governor role
Senior civil servant seen as strong contender but has been criticised for pre-crisis optimism
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced Fed’s introduction of IOR prolonged recession
Mortgage innovations fuelled pre-crisis housing boom – paper
Researchers look at 60 million US mortgages to examine non-traditional mortgage products
Cypriot former governor on trial for allegedly taking bribes
Former son-in-law will testify against Christodoulou in case connected to failed bank Laiki
Developed world needs fiscal boost – Romanian deputy governor
Once wages recover pre-crisis level, inflation will rise fast, research finds
Spanish governor de Cos now leads Basel Committee
Stefan Ingves steps down as chairman after nearly eight years in role
Interview: Sheila Bair on US regulatory reform and rollback since 2008
Crisis-era FDIC chair “saddened” by former Fed chairs’ focus on bailout powers
Micro variables are best warning signs for smaller Italian banks – BoI
Bank of Italy presents early-warning system for crises in less significant lenders
FSB seeks feedback on reforms’ impact on SME finance
Roundtable participants note considerable differences in how SMEs are treated across jurisdictions