Financial Stability
Ukrainian central bank sues oligarch in Swiss courts for $200 million
NBU demands money from former bank owner it has accused of massive fraud
US regulators find ‘shortcomings’ in foreign bank living wills
Banks will have to correct the problems when they next file a resolution plan
Number of risky housing loans issued in 2018 drops, says Danish central bank
Limits on loan-to-value and debt-to-income ratios have seen reduction on risky loans
Europe approves post-Brexit CCP and CSD framework
EC adopts temporary regime to allow UK CCPs and CSDs to continue operating for 12 months after Brexit; BoE and Esma in talks to ensure efficient supervision
Mozambique sources new payments IT provider after dispute
Payment dispute pushes central bank to speed up unification of payment systems; US-based firm chosen to supply computer system for interbank network
Barroso laments loss of post-crisis international fraternity
Nations worked together in the aftermath of the global financial crisis at a time described by former EC president Jose Manuel Barroso as the “peak” of global collaboration
Trade tensions may reflect international system design flaws
Former PBoC governor Zhou says global system faces “grave challenges” while former EC president Barroso says current framework “is not working”
China remains “committed” to globalisation, says Zhou Xiaochuan
Debt sustainability to be discussed at second Belt and Road Initiative summit next year; WTO deal still needed
Denmark adopts cyber resilience programme
European Central Bank developed the test, which sets a new standard in the financial sector
BoE unveils ‘final major piece’ of UK resolution regime
Consultations outline how the BoE will assess banks’ “resolvability”; banks will be expected to submit self-assessments every two years
FCA cracks down on ‘dysfunctional’ UK market for overdrafts
Regulator fears vulnerable people are being exploited while banks claim lucrative fees
RBNZ launches charter in bid to improve relations with banks
Relationship Charter designed to ensure institutions follow appropriate conduct
Releasing liquidity can encourage banks’ ‘gambling’, ECB paper argues
ECB paper analyses Portuguese authorities’ response to banking crisis
IMF urges eurozone to complete banking union with common deposit insurance
European leaders failed to agree on a common deposit insurance scheme at last week’s summit
More trouble likely after ‘bumps’ in past quarter, says BIS’s Borio
Corporate debt markets are looking overstretched and could trigger problems; term spread may not be best indicator of recession, special feature finds
Israeli supervisors welcome FATF membership
International body sets standards to combat money laundering and terrorism financing
Malaysia charges Goldman Sachs over 1MDB scandal
Bank allegedly benefited from inflated fees after employees bribed officials
Yield curve inversions may become more frequent, researchers say
Richmond Fed study examines relationship between term premium and yield curve inversion
RBNZ proposes to ‘almost double’ capital requirements
Central bank advocates shareholders bear greater risk to incentivise good management
Five central banks and supervisors join environmental group
Network for Greening the Financial System aims to help meet Paris agreement goals
Draghi warns of downside risks as ECB ends net asset purchases
ECB will continue buying sovereign bonds with yields below deposit rate