Financial Stability
Podcast: fixing the gaps in fintech laws
Fintech is reshaping the nature of contracts and even financial firms themselves, but laws are not adapting so fast, say IMF lawyers José Garrido and Juan Sebastián Viancha Trujillo
European banks face increased leveraged lending risks, says Enria
SSM chair highlights cyber attacks and climate change as emerging risks to financial stability
Firms must improve liquidity safeguards – BoE’s Cunliffe
March 2020 “dash for cash” shows need for better margining practices, deputy governor says
Palestine Monetary Authority launches new payment system
Governor says authority is planning measures to discourage the use of cash
Turkish government fires statistics head as inflation climbs rapidly
Finance minister meets London investors after official inflation hits highest level since 2002
Sri Lankan governor denies country is seeking IMF deal
Governor publicly contradicts finance minister’s statement on IMF aid as crisis deepens
BIS paper highlights money markets’ impact on real economy
Central bank liquidity interventions can prevent large drops in output, authors find
World Bank urges Georgia to make ‘further efforts’ on financial stability
Report praises “significant progress” but says work is needed on supervision, AML and inclusion
Liberian central bank publicly burns outdated currency
Move aims to rebuild public trust after long-running “missing banknote” controversy
How Afghanistan’s central bank can help prevent famine
Rules could be devised to allow the New York Fed to ease the acute US dollar banknotes shortage, writes Warren Coats
Lebanese president accuses central bank of obstructing audit
Judge issues summons for governor as staff refuse to share data for long-delayed audit
Planned EU cross-border trading ban to hit most large markets
Most major jurisdictions currently provide either interdealer or client exemptions
The case for trade surveillance in FX and fixed-income markets
This whitepaper explores the essential need for central banks to monitor activity for signs of market abuse, which has a negative impact on the economy and society
IMF staff agree outline of deal with Argentina
Argentina accepts need for policy framework leading to positive interest rates, IMF says
ECB launches climate risk stress tests
Exercise will feed into SREP and could indirectly affect lenders’ capital ratios, ECB says
Sri Lanka raises rates as food prices rise sharply
Governor says country does not need IMF aid despite minister warning of potential energy blackout
‘Flood’ of reserves may not boost liquidity, say Acharya and Rajan
Central bank balance sheet expansion could harm liquidity in some cases, former RBI officials find
Russian central bank halts FX purchases as currency slides
Ruble hits 14-month low as fears grow that Putin will invade Ukraine
Ukrainian central bank hikes rate and warns of invasion fears
Supreme court backs NBU over PrivatBank dispute as central bank says it may raise rates again
Turkish MPC holds rates after sharp inflation rise
Central bank announces $5 billion UAE swaps deal as Erdoğan seeks currency from Turkish allies
Banks can exploit imperfectly informed investors – BIS paper
Some banks gain additional funding from investors who underestimate their credit risk, analysts find
Visa and ConsenSys launch plan to bridge CBDCs and traditional payments
Payments giant and fintech firm to develop “on-ramp” to link up existing and new systems
Bank of Canada pilot explores transitional risks of climate change
Six financial institutions joined the central bank and financial regulator in auditing their assets
Experts urge OCC to include climate risk in bank exams
Regulator’s proposed principles are step in the right direction, but still behind Europe