Financial Stability
National Bank of Cambodia to deploy blockchain payments system in 2019
Use of blockchain may improve financial inclusiveness of payments system
Indian governor says court defeat will not stop stressed asset resolution
Governor says RBI may issue a revised circular after adverse legal ruling
Arab regional payment system set for 2020 launch
The new system would replace the costly and inefficient correspondent bank model
Apra signs deal on new data platform
Vizor will provide the software and Dimension Data will implement the system
Bank of Spain warns stressed assets remain above pre-crisis levels
Deputy governor says mergers are clear alternative to boost profitability and efficiency
EU regulators warn on no-deal Brexit impact
Firms must make contingency plans, regulators say, as Brexit deadlock continues
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
Irish central bank says draft NPL law could worsen bank crises
Measure would restrict funding options and make credit more expensive, ECB warns
Quarles defends decision to set countercyclical buffer at zero
But there may still be disagreement within the Fed’s ranks
Uganda’s Tumusiime-Mutebile raises concerns about growth
African country’s growth momentum looks set to stall as global uncertainty weighs on economy
India’s Supreme Court deals major blow to RBI bank clean-up
Court strikes down tough RBI ruling on stressed assets, ending requirement for swift action in cases of default
Latvia tightens AML framework
Rules on beneficial ownership, fake currency and cash forex transaction all amended
Housing debt increases on the back of reforms – Israel annual report
Bank of Israel documents changes in the mix of credit as reforms look to increase competition in the credit market
Fed provides details on changes to stress-testing models
Central bank publishes report on 2019 stress-test models as part of transparency drive
Eurozone governments must pursue fiscal expansion, Praet says
ECB chief economist says monetary policy cannot support recovery without support
ECB says Slovene draft law would harm central bank
Proposal is latest round in long-running political battle over bail-in of shareholders and creditors
Communication still a challenge for the FPC – BoE’s Kashyap
“GDP at risk” could be a useful way of summarising risks for non-experts, FPC member says
Major EU banks would withstand economic storm – ECB research
ECB test says in profound crisis below 10% of banks would struggle to meet capital requirements