Financial Stability
Rwanda upgrading payment infrastructure on all fronts – annual report
Government officials no longer have to visit the central bank to make a transaction
Brexit set to transfer powers to UK regulators
Government to replace EU financial institutions’ powers with UK versions, says FCA, which will gain oversight of credit ratings and trade repository regulation
Singapore’s financial system resilient amid increased global risks – MAS
Despite headwinds the financial system can withstand ‘severe shocks’, the central bank says
Policy-makers need to tackle ‘liquidity illusion’ – Carstens
BIS chief warns asset managers may contribute to sudden withdrawals of liquidity; emerging markets should be willing to try unorthodox policies
Banking union needs political courage – senior ECB supervisor
MREL ratios only gradually phased in while deposit insurance is non-existent, Angeloni says
Greek central bank suggests switching €7.5 billion in bad assets to new entity
Uncertainty over whether government or European Union will accept suggestion
FSB highlights more work to do on global reforms
Documents released ahead of G20 argue for additional efforts in several areas
Esma acts to give UK-based CCPs EU access if ‘hard Brexit’ occurs
Banque de France governor says equivalence must last “no more than a year or so”
Brexit vote has hurt UK investment – IMF paper
Researcher presents proxy term for UK firms’ exposure to Brexit costs
Bank of Canada steps up financial stability research efforts
Economy faces risks from in-household debt, housing and cyber attacks, senior policy adviser says
Riksbank considers joining EU’s faster payments system - deputy governor
Cecilia Skingsley says Riksbank is reviewing how it distributes central bank money
Podcast: Crisis lessons
Central banks may have learned the lessons of the crisis, but are they fully on top of the risks?
Carney calls for financial sector to face up to climate risks
Outlook is “concerning” as losses from extreme weather hit record levels, BoE governor says
ECB sets up anti-money laundering office
Nouy says new office will enable information exchange and act as “centre of expertise”
Mozambique’s payment system provider cuts off service
BizFirst says it has not been paid by the banks or the country’s central bank for use of its software
Minneapolis Fed ‘deeply troubled’ over regulatory reforms
Minneapolis Fed backs Brainard against “alarming” regulatory reforms
Riksbank urges introduction of 5% leverage ratio
Sweden’s central bank sounds the alarm to fellow supervisor, urging action as housing market uncertainties begin to threaten financial stability
Trump is weakening US regulatory reforms, Yellen warns
“Worrisome reversals of legislation” under new president, says former Fed chair
Cyprus’s finance minister blocked reform of failed bank – governor
Georghadji says collapse of Co-op Bank cost Cyprus government around €5 billion
Standard notions of time fail to fully explain financial cycles – BIS paper
Distinguishing “calendar time” and “financial cycle time” could help explain booms and busts