Financial Stability
RBI’s Acharya stresses need for ‘prompt corrective action’
Tool allows supervisors to intervene early and should discipline bank managers, deputy says
BoE to demand senior financiers tackle climate risks
Proposals from PRA would hold senior managers accountable for climate change risks, and capital surcharges may follow
Central Bank of Ireland details updated financial buffers framework
Central bank incorporates risk simulation over five-year horizon
Stress tests are ‘most significant’ regulatory outcome of crisis – Hirtle
New York Fed official says stress tests created “safe environment” for banks to raise capital
Investigation takes aim at KPMG for mishandling South African bank
“Looting” of troubled VBS would not have been as bad had auditor acted lawfully, report finds
Macro-prudential forex rules may shift vulnerability – BoE paper
Study of forex rules finds they may succeed in their primary goal, but shift risks elsewhere
IMF reports growing global financial risks
Supervisors must remain vigilant on risks developing in new areas, IMF says
BoE calls on EU to act on Brexit stability risks
Failure to act could disrupt $90 trillion of derivatives contracts, central bank warns
UK payment service providers at risk under ‘no deal’ Brexit
Payment service providers risk being locked out of Target2 and Sepa
Fed assessing effects of community bank closures in rural areas – Quarles
Decline in community banks over last two decades concentrated in institutions with less than $100 million
Shift to internal models has increased largest EU banks’ risk – Finnish paper
Exposure to market risk of biggest European banks has grown over last 30 years, researchers find
A stressful week: saving the UK banking sector
One frenetic week in 2008 led to the formation of the UK’s modern stress-testing approach
Bank of Canada launches education website
Central bank widens efforts to educate Canadian students on finance
Eurozone fiscal rules have major pro-cyclical effects – DNB paper
Researchers say strengthening fiscal buffers may modify stability pact’s effects
Iran cuts forex restrictions as pressure on currency continues
Authorities say central bank will intervene to support rial
Esma head issues Brexit warning over UK CCPs
Maijoor calls for continued access for EU members
Political instability main risk for Brazilian banks – central bank
Financial system has expanded credit without increasing risk, Central Bank of Brazil says
Draghi’s ‘whatever it takes’ cut bank risk-taking – BIS paper
Study examines Mexican markets to pick out effects of the ECB president’s intervention