Regulation
Carstens: Regulatory performance during banking crises was ‘mixed’
BIS general manager emphasises role of supervision in preventing bank failure
BoE should ‘step up’ data analysis, review says
Independent Evaluation Office urges central bank to embrace cloud and explore AI
Ring-fencing protects retail banks, but lowers total equity value
BoE research finds concentrating risks in one group of banks depresses asset prices
Global big tech regulation needed, says BIS paper
Researchers advocate for an activity-based approach as big tech overtakes fintech in some economies
Australia proposes crypto regulation reforms
Platform operators would need a licence and be subject to financial services laws
BoE to conduct ‘desk-based stress test’ for 2024
Financial policy committee warns of some risks in UK corporate and household finance
Fed watchdog says supervisors could have stopped Silvergate
Failed California bank should have required permission for switch into cryptocurrency
BIS Innovation Hub takes aim at cross-border compliance
Project Mandala will explore ‘compliance by design’ to boost efficiency of cross-border transactions
New payments rule incites controversy in Argentina
Retailer and former central bank officials allege regulation shields banks from competition
PRA plans dynamic insurance stress test for 2025
UK regulator will consult industry and publish more details next year
Wallstreet and others rank highest for reserves technology services
Ion’s Wallstreet treasury system tops the 2023 rankings
UK regulators open consultation on diversity and inclusion rules
Authorities would require policies, targets and data collection
Reserve managers rank JP Morgan top for custody and banking
BlackRock preferred for knowledge transfer and capacity building
Reserve managers vote BlackRock as overall best asset manager
Goldman Sachs and “other” asset management firms also score highly
Stress-testing the banking system: what lies ahead?
Pedro Duarte Neves says stress tests must evolve to capture systemic, liquidity and cyber risks
High income countries less likely to tranche reserves
Overall, 72.4% of central banks divide their portfolios into liquidity and investment sections
Fewer than half of reserve managers perform liquidity stress tests
Approach tends to be more common among African and American institutions
Few central banks expanded existing swap lines over the past year
Nearly one-third of new and existing lines are denominated in US dollars
Trade in other currencies will reduce USD reserves share, say managers
Over 72% of respondents believe efforts to denominate trade in other currencies will have long-term effect
External managers hired to set up new asset classes and train staff
Central banks also look to external managers to boost returns and access market intelligence
Reserve managers cut duration as top inflation-proofing strategy
No respondent reports expansion into non-conventional assets
Boards responsible for benchmark approval at most central banks
Over half of lower-middle income respondents favour investment committee over other methods
Bank of Uganda issues first Islamic banking licence
Policy-makers hope interest-free lending will increase financial inclusion
Momentum builds to end RBNZ dual mandate
Think-tank calls for abolishing deposit insurance and creating new prudential regulator