Liquidity
US interbank market may not recover from QE – Fed paper
Authors warn shrinking the Fed balance sheet might not be enough to revive the market
The PBoC’s efforts to solve the ‘impossible trinity’
Chinese central bank intervenes to manage offshore renminbi rate; uses swaps, rather than selling reserves in latest currency interventions
BoCHK set to secure role for Philippines renminbi clearing
Bilateral settlement gains importance in yuan internationalisation process; race on for Indonesia clearing licence
Causes of liquidity traps are ‘crucial’ to policy response – BdF paper
Liquidity traps caused by investor deleveraging may not respond to QE, researchers say
Fed paper examines impact of liquidity rules on dealers
Dealers changed behaviour in response to reforms, but de-risking was already under way, paper finds
Carstens warns world is not fully prepared for fresh crisis
IMF does not have the resources to act as global lender of last resort, says BIS chief
IMF urges Bank of Papua New Guinea to depreciate currency
Fund offers words of warning to island nation over exchange rate woes
Smaller banks struggle in Danish stress tests
Non-systemic lenders fall short by almost $100 million; even with intervention creditors could suffer losses, central bank says
Podcast: The global regulatory landscape
Capital rules have made the core banking system safer, but other parts of the system may still be at risk, says Andrew Metrick
FSB calls for action as regulatory deadlines pass
Mark Carney urges G20 to stay disciplined as global growth begins to fade
Podcast: Post-crisis monetary policy
Many things behave like money in the modern economy and central banks have not yet figured out how to control them all, says Andrew Metrick
Basel Committee points to delays in adoption of Basel III standards
Only 10 of 27 jurisdictions have final rules for Net Stable Funding Ratio
Policy-makers need to tackle ‘liquidity illusion’ – Carstens
BIS chief warns asset managers may contribute to sudden withdrawals of liquidity; emerging markets should be willing to try unorthodox policies
Minneapolis Fed ‘deeply troubled’ over regulatory reforms
Minneapolis Fed backs Brainard against “alarming” regulatory reforms
Sri Lankan central bank tackles ‘large and persistent’ liquidity deficit
Central bank adjusts policy to support banks, but weak economy and falling rupee limit options
NY Fed economist explores election night volatility
Treasuries suffered dramatic moves as Donald Trump was elected in 2016
Chinese banks fail tests as PBoC warns of ‘grey rhino’ risks
Half of banks failed the most severe stress tests; central bank says transition to new economy might unleash unexpected risks
Fed proposes lightening regulations for large banks
Lael Brainard objects to plans, warning they could leave taxpayers “on the hook”
Sarb moves to liquidate ‘hopelessly insolvent’ bank
Prudential Authority seeks court’s permission to wind up troubled VBS Bank
Sino-Japanese political optics right for $30bn swap and Tokyo RMB clearing
BoJ and PBoC agree local currency swap line after long delay; Bank of China set to be RMB clearer in Tokyo
RBNZ plans tougher discipline on banks’ regulatory breaches
Proposals would see major breaches linked to disclosure dashboard, highlighting when a bank has broken the rules
PBoC moves to boost lending amid trade tensions
Efforts towards deleveraging are being put on ice as the economy slows
PBoC cuts RRR as markets plummet
Trade war fears trigger instability in Chinese markets
RBI holds policy rate steady despite growing imbalances
Rupee is under pressure and current account deficit widening, but inflation risks are still limited