Financial Stability
Brazilian banks use market power to raise cost of credit – BIS paper
Research explores role of market power and informational switching in banking competition
Bahamas prepares to phase out cheque payments
Central Bank of the Bahamas continues to push digital transformation
Bank of Israel grants first banking licence in 43 years
One Zero Digital Bank is first digital bank in Israel
Down but not out: US Libor trading continues amid ban
Outgoing rate hits market share lows in US swaps but little dent made in listed markets
Kazakh central bank suspends banking operations
Deputy chairman says banking will resume when situation is “stabilised”
RBI launches offline digital payments
Indian central bank hopes scheme will promote digital payments in remote areas
Turkish central bank announces $10 billion one-day profit
Move follows president’s pledge on dollar deposits amid evidence of worsening economic crisis
RBI flags ‘emerging signs of stress’ in small firms
Stress tests indicate rise in Indian non-performing assets likely in coming months
BoE to publish ‘pop-economics’ book
‘Can’t we just print more money?’ is latest step in educational push by central bank
The longest book ever written?
The Single Rulebook on EU financial regulation is a serious contender for the prize of the longest book ever written. But will it deliver a safer and better financial system?
Bank Indonesia launches fast payments system
Central bank is conducting an overhaul of all its main payments systems
US prime fund swing pricing proposal sparks industry alarm
Some fear SEC rule would repel investors; high liquidity requirements could make funds uneconomic
Maltese regulator calls for ‘effort’ to leave AML grey list
Joe Gavin was brought in to lead MFSA after predecessor resigned over corruption allegations
US FSOC zeroes in on climate change
Annual report warns “disorderly” policy changes raise the risk of “sudden and disruptive” effects
FSB finds banks grew faster than non-banks in 2020
Pandemic response contributed to stronger growth in bank and central bank assets, report says
RBI launches action plan to tackle weak non-banks
“Prompt corrective action” framework echoes rules in place for banks
Turkey’s currency hits new low after further rate cut
CBRT says it is intervening on foreign exchange markets as Erdoğan raises minimum wage
ECB ends liquidity relief measures for banks
Lenders have not used buffers and coverage ratios exceed minimum levels, data shows
Trade credit helped amplify initial Covid-19 shock – BdF paper
Net borrowers of trade credit faced sharper liquidity squeeze, researchers find
Masaaki Shirakawa on lessons from crisis and how to reform central banks
The former governor reflects on a turbulent 40 years at the Bank of Japan, and considers how central banks might face up to the challenges of the future
BoE tightens countercyclical buffer as risks stabilise
Banks expected to meet higher rate without cutting lending, even as capital ratios dip
IMF criticises Chilean pension withdrawals
Fund says crisis measure was excessive and now threatens process of market deepening
New Zealand banks well positioned to face new Covid shock, says RBNZ
Central bank carried out both solvency and liquidity stress tests in 2021 exercises
Project Jura executes ‘real-life’ cross-border CBDC settlement
“Dual-notary” structure could help protect monetary sovereignty, says Benoît Cœuré