Financial Stability
Fed could change capital rules for bigger banks – vice-chair Quarles
Deregulatory act had already softened regulations for banks with below $100 billion, up from $50 billion
Researchers explore impact of bank stress on the real economy
Large banks should be subject to more stringent requirements, authors say
Mersch issues warning to European payment providers
European firms must innovate or risk being competed out of instant payment sector
Zimbabwe banks ordered to ring-fence foreign currency accounts
Move appears to be a step towards de-dollarisation
Bail-in regimes lower costs of resolution for states – ECB paper
Researchers present structural model of bank re-capitalisation
Euroclear to offer US dollar settlement in central bank money
New settlement should reduce credit and operational risk on settlement banks
Bank of Canada launches new communication initiative
Central bank hopes new publication will promote financial literacy among Canadians
ECB says Cyprus must act carefully over NPL plans
Government must also take care over treatment of assets of collapsed bank, ECB cautions
EBA raises ‘serious concerns’ over Malta’s AML regime
Enria calls for changes to EU’s AML regime and says Maltese authority must make major changes
IMF paper explores interaction of capital controls and macro-pru
Capital controls do not “consistently” mitigate potential increases in cross-border flows
RBI steps in to tackle liquidity crunch
Central bank steps up market operations as financial markets wobble
Supervisory lessons: fault lines in prudential regulation
Former Bank of Spain head of supervision Aristóbulo de Juan highlights the lessons he has learnt about weaknesses in prudential regulation, in the second of a four-part series on supervision
Zombie firms drag down productivity in economy – BIS paper
Lower interest rates create conditions for “zombie firms”, researchers find
Draghi calls for new macro-prudential tools
Policy-makers do not fully understand “shadow banking” sector, Draghi tells ESRB
DNB says Dutch banks must tighten money laundering controls
Netherlands Bank calls for harmonisation of European AML regulations and beefed-up EBA role
‘Momentum building’ behind financial response to climate change
FSB welcomes progress on disclosures; BoE report finds many UK banks are facing up to the risks
EBA warns on funding stresses from QE exit
‘Mediterranean’ banks’ reliance on repo funding could be tested by withdrawal of stimulus
ECB narrows down choices for next supervisory head
Donnery, Enria and Ophele will appear before European Parliament
HKMA launches new faster payments system
New system will reduce transaction time and scrap interbank fees
Local factors have greater influence on global lenders – BIS paper
Researchers examine data on 53 largest commercial banks
Bundesbank paper looks at secondary markets’ role in bank runs
Adding secondary markets to model significantly alters possible equilibria, authors say
G20 showing progress at tackling data gaps
Considerable progress” in third phase of implementing data gaps initiative, down from “substantial progress” in previous phase, FSB-IMF report says