Risk
Banks running out of time to make post-Brexit eurozone applications
Banks looking to relocate should apply “by end of second quarter” – ECB supervisor Lautenschläger
Fed imposes growth cap after ‘consumer abuses’ at Wells Fargo
Troubled lender not allowed to expand assets further until governance and controls are improved
CCP stress tests have found capital shortfalls – Esma
Small increases to stress-test scenarios would have left ICE Clear Europe “in material breach”
BoE’s Brazier flags concerns about ‘stretched’ credit markets
BoE is simulating ‘liquidity mismatch’ in bond markets to ensure financial stability, says executive director
Carney rejects accusations of ‘cognitive bias’ at BoE
Parliamentary committee members say BoE relied on inaccurate forecasts before Brexit
Securities lending services provider of the year: Northern Trust
Official institutions cite firm’s operational smoothness and good returns
HKMA exchange fund clocks 10-year high returns
Returns driven by strong global economy and financial markets
Asset manager of the year: BlackRock
BlackRock delivered innovative new products and highly regarded training scheme
Central bankers assess markets’ reactions to policy changes
Benoît Cœuré warns of complacency among investors as central banks move to normalise
Fed paper models risk-taking channel of monetary policy
Model in which monetary expansion increases risk-taking appears to fit with the data
Central Banking Awards: BoE a leader in fintech
Awards go to the Bank of England, Vizor, Lanqart and Openlink for their innovative work
Technology consultant of the year: Vizor Software
Dublin-based company proved its mettle in emerging markets
Risk management services provider of the year: Openlink
Openlink’s central bank and state agency client base continues to grow
Short-selling bans increased instability – ESRB paper
Banks’ volatility, leverage and default probability increased by bans on short-selling – researchers
Core-periphery model of bank networks called into question
Researchers find multiple cores in interbank market, posing different systemic risks
Low rates push investors to seek risk abroad – BIS paper
Authors find that low rates at home drive risk-taking overseas
Fed could use rates to counter instability – Mester
2015 exercise showed major problems in use of macro-prudential tools, says Cleveland Fed chief
BIS paper asks what makes emerging market banks profitable
Both bank-specific and economy-wide factors affect banks’ profitability, authors find
Fed proposes expanding risk regime to foreign subsidiaries
New consultation suggests widening scope of August 2017 proposals to foreign-owned operations
Complex instruments still pose systemic risks – paper
Discretion granted by financial reporting standards increases opacity and complexity, say authors
Sarb rejects nationalisation plan
Sarb says nationalising the central bank would increase uncertainty in an already “fragile economic situation”
GFXC publishes final word on last look
The GFXC releases new and final version of Principle 17
Bank Negara Malaysia issues new digital currency regulation
Proposed regulation aims to hold digital exchanges to higher standard of transparency
Ukrainian central bank warns over ‘lengthy delay’ to IMF aid
National Bank of Ukraine calls for urgent action on state-owned banks; interim governor still in post after seven months