Financial Stability
Risk Europe: Tension between the ESRB and ECB, says Belgium's Reynders
Europe's new systemic risk watchdog is already clashing with the ECB - but the ESRB's powers may need to be expanded, says Belgian finance minister, Didier Reynders
Bernanke pledges tough oversight of CCPs
Federal Reserve chairman Ben Bernanke says reforms to financial market infrastructure will help strengthen supervision of central counterparties
Risk Europe: no-go on CoCos, says panel
Traditional investors won't be won over by debt that converts into equity, says conference panel - and one CoCo issuer raises threat of feedback effects
Israel’s Fischer outlines ten lessons to remember in a crisis
Bank of Israel governor Stanley Fischer delivers advice to policymakers on how to approach a crisis
Bank of England - Housing Equity Withdrawal (Q4 2010)
Bank of England Housing Equity Withdrawal data for Q4 2010 shows continued weakness in lending to households
Financial Stability Board publishes survey responses
Comprehensive survey answers reveal FSB member countries’ plans to conform with the G-20’s recommendations for strengthening financial stability
Japan suspends publication of financial stability report
Japan suspends publication of the March 2011 Financial System Report in light of the Tohoku earthquake
Norway’s Olsen on regulatory overhaul of financial system
Norges Bank governor Øystein Olsen says regulatory overhaul of Norwegian financial markets will aid financial stability
IMF paper on growing threat of moral hazard
Fund study calls for further incentives and rules to stem threat posed by large systemically important financial institutions
Bank of England - Credit Conditions Survey (Q1 2011)
Bank of England 2011 Q1 Credit Conditions Survey reports little change in credit to households and firms
Hoenig warns policy will mean "someone has to pay" in the future
Thomas Hoenig renews call for the unwinding of policies put in place during the financial crisis, urging the Fed to shrink holdings and raise rates to provide better long-term prospects for the US economy
Australia investigates options for updating payments system
Assistant governor of the Reserve Bank of Australia reveals insights into the review being conducted of the country’s payments system
IMF paper on debt dilution
Fund study says commitment to reduce debt levels can eliminate risk of debt dilution
IMF paper urges policymakers to address sovereign rating spillovers
Policymakers must account for risks posed by spillover effects of sovereign rating downgrades; contingency plan recommended to deal with possible instability
Greenspan launches blistering attack on US financial regulations
Former chairman of the Fed claims the Dodd-Frank legislation does not meet “the test of our times”
Polish OTC clearer aims for 2012 launch as Europe fragments
Another central counterparty plans to launch in Europe, starting with zloty-denominated interest rate swaps
HSBC chair expresses concern over new rules on global Sifis
HSBC chair Douglas Flint says additional loss absorbency for global systematically important financial institutions should apply to greater number of firms
HKMA - Monetary and Financial Stability Report (March 2011)
Hong Kong Monetary Authority March 2011 Monetary and Financial Stability Report calls for stringent bank underwriting standards to ease property bubble
Chile’s De Gregorio denies currency war claims
Central Bank of Chile governor José De Gregorio dismisses speculation of a currency war between advanced and emerging countries
When the price is wrong
Determining how best to step in when markets struggle to price assets fairly remains a key unanswered question from the crisis
US regulators propose standards to give securitisers skin in the game
Regulators release risk retention rule; publish a specific loan-to-value ratio for those mortgages that will be exempted
Zambia’s Fundanga on effects of illegal cross-border trade on monetary policy
Bank of Zambia governor Caleb Fundanga says small-scale cross-border trade could interrupt monetary policymaking
Atlanta Fed paper on evolution of US mobile payments
Atlanta Federal Reserve study says unique set of rules necessary for mobile payments industry to evolve in United States
Central Bank of Colombia paper on too-connected-to-fail
Central Bank of Colombia study calls for too-connected-to-fail rather than traditional too-big-to-fail approach