Resolution
Sarb moves to liquidate ‘hopelessly insolvent’ bank
Prudential Authority seeks court’s permission to wind up troubled VBS Bank
Cyprus ex-governor says authorities asked for false audit of failed bank
Orphanides accuses central bank and former government of “murdering” Cyprus Co-op Bank
SRB should publish banks’ MREL requirements – EBA’s Enria
But market abuse rules need amending to avoid SRB disclosing confidential resolution actions
RBI’s Acharya stresses need for ‘prompt corrective action’
Tool allows supervisors to intervene early and should discipline bank managers, deputy says
Ukrainian central bank to auction distressed banks’ assets
NBU also announces upgrade to sovereign bond-selling infrastructure
Bail-in regimes lower costs of resolution for states – ECB paper
Researchers present structural model of bank re-capitalisation
Supervisory lessons: fault lines in prudential regulation
Aistóbulo de Juan highlights the lessons he has learnt about weaknesses in prudential regulation
EC’s Cyprus ‘failure’ undermined Eurozone central bank independence – Demetriades
Barroso’s inaction hurt the ECB and emboldened other governments, claims former CBC governor
Danske Bank acknowledges ‘major deficiencies’ in money laundering case
CEO quits as bank publishes internal investigation into irregular operations at Estonian branch
Demetriades on political pressures on central banks and their governors
Former governor speaks on Cypriot banking crisis and his fears for euro stability
Supervisory lessons: management traits of problem banks
Aristóbulo de Juan highlights lessons he has learnt from management of problem banks
Switzerland’s Jordan on extraordinary monetary policy and sovereign money
SNB governor speaks about currency intervention, negative rates and reserves diversification
European banking union insufficient to withstand next crisis – Portuguese governor
Common supervisory and resolution tools are in place, but Europe lacks a deposit insurance scheme
Bank of Jamaica’s Wynter on the path to inflation targeting
Brian Wynter speaks about revamping Jamaica’s policy toolkits
Richmond Fed economists design bank resolvability score
Score could help make complex living wills easier to interpret, authors argue
‘Living wills’ have reduced implicit subsidy – Fed paper
Higher cost of capital implies resolution measures have reduced ‘too big to fail’ subsidy, authors say
IMF report says Mauritius central bank needs clearer resolution powers
Current framework restricts regulator from acting in a timely manner – IMF staff
Resolution still essential for CCPs – BoE’s Cunliffe
Despite high loss absorbency, CCPs still need a resolution framework, deputy governor says
Central Bank of Kenya is ‘under attack’ – Njoroge
Kenyan governor says new regulator will threaten independence and mandate of central bank
EU Council aims to limit bail-in debt rules
Leaked BRRD text reveals Greek and Portuguese banks could escape subordinated debt regime
Draghi renews calls for wider economic union in Europe
ECB head recommends fiscal backstop for resolution fund criticised by German policymakers
Andreas Dombret on ECB policy, deposit insurance and Basel III
Deutsche Bundesbank board member shares German view on European monetary and banking union
‘Regulatory equivalence’ not enough for post-Brexit UK CCPs – Cœuré
ECB official says work on cross-border CCP resolution needs to accelerate
Kenya’s Chase Bank finally acquired
After two years in receivership, Mauritius’s SBM acquired 75% of deposits under moratorium