Financial Stability
Quarles: FSB to examine too-big-to-fail reforms
Organisation must improve transparency, says chairman Randal Quarles
Europe needs cross-border banking reforms – Lautenschläger
Nations must reform ring-fencing before next crisis hits, says ECB supervisor
BoE to improve supervision in light of bank’s near-collapse
Report on the Co-op Bank’s near-failure warns ‘open banking’ could throw up new systemic risks
US bank holding companies have become less complex – NY Fed paper
Researcher examines organisational, business and geographical complexity in decade after 2007
Yi pledges to continue opening up China’s financial sector
Some measures are yet to be finalised despite end-2018 goal
Philippines launches inclusion initiative in memory of Espenilla
Late governor honoured in new initiative to help those underserved by financial industry
Fed has limited tools to combat climate change impact – San Fran Fed paper
But central banks can do more to research appropriate policy responses to climate change
IMF puts new macro-prudential database to work
Fund uses new data to test effectiveness of LTV ratios
Carney says supervisors must develop climate stress-testing
BoE is working with the NGFS to develop climate change scenarios as step toward stress-testing
ECB rejects amendment from EU institutions on CCP regulation
Proposed changes would ‘distort’ ECB’s request for change, Draghi says
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced the Fed’s introduction of the IOR prolonged the recession, but credits Selgin’s argument the IOR policy made the central bank a more powerful credit lender
Boston Fed research encourages tokenisation for ecommerce
Payment method could reduce fraud, paper says, given account information is removed from the process
Housing market still a risk to financial stability – RBA assistant governor
Michele Bullock addresses concerns over recent tightening in lending standards
UK and EU agree template for no-deal Brexit supervision
Template sets out basis for supervision rules under no-deal Brexit, with deadline little more than a week away
Mortgage innovations fuelled pre-crisis housing boom – paper
Researchers look at 60 million US mortgages to examine non-traditional mortgage products
Bank capital ratios fall for first time since 2011
Basel monitoring report finds declines in both risk-weighted capital and leverage ratios
Should central banks be more aggressive on climate change?
Discussion weighs up whether central banks should take more drastic action via monetary policy channels, but some warn they may overreach
EBA launches register of payment and electronic money firms
Freely available online register brings together national authorities’ data
‘Clock ticking’ for Australian institutions exposed to Libor – RBA’s Kent
Deputy governor warns current fallback measures may not be enough to mitigate transition disruption
RBI stands firm on stressed assets as Supreme Court deliberates
Central bank says it has not softened stance, but court could force it to grant forbearance