Financial Stability
Kganyago highlights the dangers of ‘state capture’
Sarb governor says country still suffering from twin deficits
BIS committee finds inadequacies in derivatives data
Challenges remain, despite significant progress, Irving Fisher Committee reports
Nouy says time is right for Europe-wide deposit insurance
Governments should “consider some solidarity”, ECB’s chief supervisor says
Cyprus ex-governor says government errors helped bring bank down
Demetriades rejects attacks claims made by CBC predecessor Orphanides
Sarb moves to liquidate ‘hopelessly insolvent’ bank
Prudential Authority seeks court’s permission to wind up troubled VBS Bank
Private debt and housing prices are main financial challenges in Norway
Rising commercial property prices also a potential threat to financial stability, central bank says
Sino-Japanese political optics right for $30bn swap and Tokyo RMB clearing
BoJ and PBoC agree local currency swap line after long delay; Bank of China set to be RMB clearer in Tokyo
Book notes: The bank that lived a little, by Philip Augar
History of British commercial bank Barclays fails to address key questions, writes Michael Taylor
Draghi confident Italy and European Commission will reach deal
ECB president says momentum is slowing but points to higher negotiated wage growth
Sarb’s Mminele calls for action on benchmark reforms
There is a considerable amount of work to be done before the transition, Daniel Mminele warns
Bruno and Shin investigate EM firms’ dollar vulnerabilities
BIS paper highlights negative effects of US dollar strength on emerging market firms, as figures show dollar borrowing is still on the rise
New York Fed files to dismiss narrow bank lawsuit
“The costs are real and continuing”, TNB says, as the New York Fed continues to delay
ECB paper presents new sovereign stress model
New method builds on earlier CISS model to measure systemic stress in eurozone
Cyprus inquiry into failed bank hears conflicting allegations
Inquiry told of strong political influence over Co-op Bank
RBNZ plans tougher discipline on banks’ regulatory breaches
Proposals would see major breaches linked to disclosure dashboard, highlighting when a bank has broken the rules
PBoC moves to boost lending amid trade tensions
Efforts towards deleveraging are being put on ice as the economy slows
RBI fights plan to strip it of payment powers
Central bank fears move would undermine its ability to regulate currency
Cyprus ex-governor says authorities asked for false audit of failed bank
Orphanides accuses central bank and former government of “murdering” Cyprus Co-op Bank
US regulatory sanctions lead to banks cutting credit costs – Finnish paper
Sanctioned banks cut loan costs by 22bp on average, researchers find
Basel Committee moots changes to leverage ratio
Regulation could be amended to mitigate central clearing impact; committee also critical of banks’ “window dressing” behaviour
BoJ governor offers advice on domestic resilience to external shocks
Central bank co-operation and communication are crucial for domestic resilience, Kuroda explains