Financial Stability
Central banks could do more to tackle climate change – paper
Central banks may be mispricing assets due to climate change risk, paper argues
RBA governor welcomes housing market slowdown
Lowe says slower credit growth is “positive”, as wider economy heats up
Bank of Spain paper looks at G20 regulatory agenda
“Globally significant” banks’ perceived risk likely to rise, researchers say
Fed paper presents method to better estimate systemic risk
Authors find their approach outperforms several commonly used systemic risk indicators
BIS paper weighs economic impact of macro-prudential policy
Cutting the LTV ratio leads to reduced output in emerging markets, authors find
IMF says Chad and BEAC reforms must continue
Multi-state African central bank must make changes to policy framework, IMF staff say
Kuroda says controls on high-frequency trading ‘critical’
HFT can aid market efficiency, but action is needed to tackle its downside, says BoJ governor
Time running out for EU Brexit temporary permissions regime
UK clearing houses may need to eject EU member positions if BoE scheme is not reciprocated by year-end
Bank Indonesia steps in to stem rupiah fall
Rupiah falls to lows not seen since the Asian financial crisis, as Indonesia becomes the latest victim of the strong dollar
Cyprus inquiry probes central bank’s role in lender’s collapse
Senior supervisor says central bank and ECB failed to act after chief executive resigned in 2015
ECB calls for changes to draft investment firm regulations
EU proposals omit macro-prudential measures and could cause statistical problems, ECB says
Thailand’s macroeconomic policy at a ‘turning point’ – Santiprabhob
Policy will have to evolve to support the economy rather than stimulate it, governor says
Nigerian central bank demands repatriation of $8 billion
CBN says South African firm and local banks illegally transferred funds outside country
China’s ‘big five’ banks highly inefficient – Bank of Finland paper
Biggest lenders suffer from persistent inefficiency, researchers say
Central Bank of the Philippines gets mandate to regulate payment systems
Payment systems could be placed on blacklist if they pose a risk to the financial system
RBA suffers payments outage after fire test
“Routine maintenance” led to loss of power at main data centre
Banking stress tests need more robust methods – Bundesbank paper
Current methodologies suffer from significant uncertainty, researchers say
Passive investing boosts some risks and cuts others – Fed paper
Authors assess four ways the surge in passive investing might impact stability
ECB asks for changes to EU’s covered bond proposals
Suggested new regime could lead to significant national differences within EU, ECB says