Financial Stability
A future-proof RTGS blueprint
Operating hours, access and data standards should all be considered by central banks contemplating an RTGS overhaul
Bank Negara Malaysia set to implement consumer credit law
“Long-awaited” law will regulate consumer lending in Malaysia, including “buy now, pay later”
Sri Lankan central bank takes emergency measures as FX crisis deepens
Central bank will securitise remittances to fund reserves, but statement hints at steep fall in inflows
Asean publishes first green taxonomy for financial instruments
“Multi-tier” taxonomy aims to create realistic goals for both rich and middle-income nations
Brazilian governor outlines climate reporting rules
Campos Neto says Brazil’s banks must file climate risk reports from June 2023
MAS and BSP to pursue retail payment linkage
Central banks of Singapore and the Philippines promise to advance co-operation on fintech
EU should demand banks set climate transition plans – Elderson
Officials acknowledge climate risk has become central topic, but say most institutions fail to meet supervisory requirements
BoE outlines new ‘tiered’ CCP supervision framework
Non-UK CCPs will be labelled Tier 1 and Tier 2 following ‘reliance assessment’
Fed warns of China debt risks
Financial Stability Report mainly optimistic about systemic health, including housing market
Asset sell-off biggest threat to Chile’s financial stability – Marcel
Governor reiterates warning against further pension withdrawals
Tanzanian central bank announces loan crackdown
Central bank says “unscrupulous borrowers and employees” partly responsible for high NPL levels
Eurozone’s faster payments system to link with Singapore and Malaysia
Proof of concept is the next step of the BIS’s Project Nexus
BIS and HKMA conclude green DLT project
HKMA says it is considering pilot issuance of tokenised green government bonds
Carney says over $130 trillion of capital now pledged to net zero
But rich countries admit they have fallen short of net zero financing goals
RBNZ seeks greater collaboration on cyber incidents
New response team was established following September cyber attack
China rolls out loss-absorbency rules for systemic banks
China to follow FSB standard, telling G-Sibs to build buffers worth 18% of risk-weighted assets
Mobile money was ‘crucial’ for low-income countries during the pandemic – IMF
Data shows mobile and internet banking transactions grew for all income levels
Centralised climate change teams crucial, central bankers say
As COP26 begins, central banks are focusing on improving governance of their climate actions
IMF knew Lebanese central bank had $4.7 billion shortfall in 2015 – Reuters
Officials said central bank had net negative assets due to claims by commercial lenders, report says
BoK examines policy tools to tackle climate change
Central bank pledged to increase purchase of ESG-compliant products for reserve portfolio
Interoperability of stablecoins
Central bank reserves could be a better option for backing stablecoins than Treasuries, say Manmohan Singh, Caitlin Long and Charles Kahn
Financial Stability Benchmarks 2021 report – executive summary
Findings on financial crime, banking stability, macro-prudential tools, decision-making and future risks
Microfinance still key to inclusion despite flaws – RBI deputy
Excessive debt and “coercive recovery practices” demand reform, says Rajeshwar Rao