Regulation
Middle income countries more likely to report rising NPL levels
Most high income respondents say NPL levels have fallen in last five years
Fed announces new guidelines after master account controversy
Rules will impose tight scrutiny on non-conventional applicants
Banking resolutions are rare events in most countries
Two jurisdictions account for 77.9% of resolutions reported by sample
Reserve requirements most commonly used macro-pru tool
Responses show differences in measures favoured by high and middle income economies
UN warns against rapid adoption of crypto in developing nations
Tax evasion depletes resources for development, report finds
Most central banks do not want more macro-pru powers
But minority of benchmark participants want governments to adopt measures in use elsewhere
Central banks rarely administer deposit guarantee schemes
Lower-middle income countries less likely to have such schemes
Richer nations less likely to have central banks as sole macro-pru authority
Respondents from lower-middle income countries more likely to be only macro-prudential body
How central bank mistakes after 2019 led to inflation
Central banks must acknowledge their own mistakes and outline concrete steps to restore the public’s confidence in their ability to ensure price stability, write Graeme Wheeler and Bryce Wilkinson*
Activity-based regulation will not guarantee level playing field – BIS paper
Authors propose framework to clarify use of entity- and activity-based regulations
Cuban regime to buy foreign currency near market rates
Move cuts peso’s dollar exchange rate by four-fifths after Cubans protest over shortages
MAS to consult public on regulating stablecoins
Chairman says central bank will consider reserve requirements for stablecoin issuers
Chinese authorities repay more depositors amid banking scandal
Analysts say the banking crisis in Henan and Anhui could precipitate more rural bank runs
Nepal hikes rates and constricts credit
Himalayan country confronts rising inflation and strained reserves
Papua New Guinea raises rates for first time since 2011
Rising inflation prompts first move in more than two years
UK government proposes ‘competitiveness’ mandate for BoE
Measure proposed despite IMF warning that it could clash with financial stability mandate
Zimbabwe authorities demand businesses use official rate
Central bank financial watchdog threatens enforcement “blitz”
Endlessly interim? The struggle to appoint top US regulators
Two-year OCC vacancy is not that unusual in US system, but it may hamper initiative
Myanmar orders halt to foreign debt payments
Authorities order wider range of partly foreign-owned companies to sell FX to central bank
Rethinking regulation of the modern financial system
Bank of Italy’s Maurizio Trapanese writes that rules need to address uncertainty as well as measurable risks, entity types as well as activities, and should not be overly complex
Fed internal watchdog clears Powell and Clarida
Inspector-general still examining Rosengren and Kaplan, while senators criticise new code
Two US regulators fine Bank of America $225m
Country’s second-largest bank unlawfully blocked access to unemployment benefits
US Senate confirms Barr as Fed vice-chair
Democrat appointees now form majority of board of governors