Financial Stability
Business models at heart of 2023 banking turmoil – research
Unrealised losses and uninsured deposits were not main drivers of crisis, Chicago Fed paper argues
Bank of Israel governor criticises budget
Yaron says tax rises will not be enough to offset increased military spending and lower debt ratio
EU debt wave raises dealer capacity concerns
Ongoing QT and upcoming defence spending piles pressure on bank balance sheet supply, say dealers
US life insurers more exposed to ‘risky’ debt than in 2007 – study
Fed research compares current situation to subprime exposure that preceded financial crisis
Default levels do not explain high US credit card rates – study
NY Fed paper shows levels of interest charged far exceed those for other loans
Sudanese army takes control of central bank
Military says it has retaken key buildings from rebel group
BoE unveils scenario for annual stress test
First exercise since framework update will simulate milder conditions than previous version
NY Fed credit survey shows consumers are strapped
Study finds more people are having applications rejected and expect loans to be harder to secure
US farmers need extra revenue to make ends meet – research
Costs largely outweigh income generated by agri, says Richmond Fed study
Iran’s central bank increases daily cash withdrawal limits
Move anticipates increased consumer spending over Persian New Year, despite ongoing economic crisis
US homes not adequately insured against disasters – report
Philly Fed study says most households do not have coverage to rebuild following catastrophic damage
Protesters occupy Irish central bank headquarters
Pro-Palestinian activists oppose institution’s involvement in sale of Israeli bonds
ECB calls for new macro-pru approach to address cyber risks
Stress-testing should combine top-down and bottom-up elements, latest bulletin says
Credit delinquency rise may be due to home priorities – study
Consumers choosing to repay auto and home loans rather than credit cards, say authors
UK unfreezes Syrian central bank assets
Decision follows similar move by EU, though US sanctions remain in place
BoE proposes to ease regulations for small-scale lenders
Central bank suggests raising leverage ratio threshold from £50 billion to £70 billion
Bangladesh does not need to rely on IMF – central bank governor
Mansur says country needs to increase revenue if it is to address deficit
Data from Covid liquidity programmes could improve markets – BoC study
Anonymising and aggregating information would assist with price discovery, argues research
Iran’s central bank tells lenders to be more transparent
Excessive delays found in responding to enquiries from members of the public
War in Taiwan would cause severe disruption – Fed study
Conflict would be most economically impactful since World War II, says author
Bank of Israel instructs lenders to provide war relief
Central bank says lenders must set aside $833 billion for groups affected by conflicts
Tunisia’s president ‘gambling’ with central bank
Analysts say ruler’s attempts to erode bank’s independence create serious risks for economy
AML and inclusion go hand in hand – Eswatini deputy governor
Dlamini-Kunene says efforts to tackle crime did not have to result in exclusionary policies
Tunisia’s president calls for say in setting monetary policy
Saied reportedly makes demand during meeting with central bank governor