Regulation
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…
Fed considering imposing local liquidity requirements on foreign banks
The proposal will likely be one of the first of its kind in international regulation
BIS paper finds some potential benefits to ‘bigtech’
Firms may be better able to predict losses and support underserved borrowers, authors find
Fed to require fewer banks to submit resolution plans
The reform is the latest effort to streamline regulation under the Crapo Bill
NBU’s Smolii speaks out about political interference
Politically powerful people in Ukraine are still trying to block economic reform, but transparency is helping, says National Bank of Ukraine governor
HKMA grants first three virtual banking licences
Move is “major milestone” for Hong Kong’s efforts to compete as financial centre
ECB rejects amendment from EU institutions on CCP regulation
Proposed changes would ‘distort’ ECB’s request for change, Draghi says
Bahamas to explore CBDC access to government securities
Governor John Rolle outlines some near-term payment system reforms
US crypto-asset regulation needs strengthening – Massad
Former CFTC chair Timothy Massad recommends a path for regulatory reforms
PBoC to develop new fintech regulation
Central bank will implement new roadmap in 2019, which will see improved regulatory mechanism
Fed official suggests reforms to tackle ‘credit deserts’
Brainard advocates greater geographical flexibility in banks’ obligations; FDIC chair appears to agree
Interview: Sheila Bair on US regulatory reform and rollback since 2008
Crisis-era FDIC chair “saddened” by former Fed chairs’ focus on bailout powers
Eurozone lending constraints are effective but only after a time lag, researcher says
IMF paper looks at efficacy of tighter lending on curbing house prices and credit
Lagarde warns against easing regulations
Further efforts are needed to address too-big-to-fail and leveraged lending, Lagarde says
RBI and Indian government boost banking sector as election nears
Central bank injects liquidity into banks as government re-capitalises more state-owned lenders
Climate change: a new challenge for financial stability?
Do climate change and the transition to a low-carbon economy pose a risk to financial stability? What is the role of central banks?
Fed’s Bowman says regulators must tailor regulations for smaller banks
But stress-test reform to relieve smaller banks is credit negative, Moody’s warns
Lifetime achievement: Zhou Xiaochuan
The former People’s Bank of China governor stands out for his high levels of integrity, intellectual rigour and bold reforms that have served the public interest in China and elsewhere
Quarles says FSB ‘must evolve’
New chair calls for changes in the way the organisation assesses financial sector threats
Central bank of the year: Monetary Authority of Singapore
Singapore’s central bank stands out for its pioneering fintech efforts combined with its consistency of performance in monetary policy, financial stability and supervision
Australian inquiry calls for major reforms of regulatory culture
Authorities did not enforce laws on financial sector strongly enough, report argues
Kristin Forbes urges academics to focus on macro-prudential policy
Our understanding of the tools and ability to spot new risks remain limited, professor says
RBI lifts operation restrictions on three state-run banks
Banks no longer face dividend and compensation limits after capital ratios improve
RBNZ demands action from insurers accused of conduct failings
Central bank finds “extensive weaknesses” in conduct and governance at life insurers