Stefan Ingves
Ingves outvoted as Riksbank cuts 50bp
Swedish central bank hits zero lower bound for first time since 2010 as inflation plummets; outvoted Ingves says his standing is not weakened, calls housing situation ‘acute'
People: Greek governor confirmed; Ingves re-appointed to Basel Committee
The appointment of Yannis Stournaras as Bank of Greece governor has been confirmed in parliament; Ingves has a new term at the Basel committee; and more
Basel committee revisits 2002 guidance on 'weak banks'
Update to BCBS guidelines is the first since long before the financial crisis; Ingves says ‘early identification and intervention by supervisors is critical'
Ingves: Swedes should be forced to amortise mortgages
Riksbank governor slams Swedish 'culture' whereby 40% of households ‘do not amortise at all'; average debt-to-income ratio for mortgaged households is 313%
Ingves says responsibility for liquidity risk management lies with banks, not regulators
Basel Committee chairman says banks must develop controls to help them manage the liquidity risk that is inherent in their activities of maturity transformation
Ingves says job of supervisors just beginning as Basel III nears completion
As the Basel III rules approach completion, the job of implementing the regulatory framework is only just beginning, Stefan Ingves says
Ingves touts simplicity of final Basel CCP rules
Chairman of the Basel Committee says final rules for banks’ exposure to CCPs show success of ‘relatively simple solutions’, which includes single approach for calculating capital requirements
Ingves: Sweden needs to go beyond international regulations
Sveriges Riksbank governor Stefan Ingves says Swedish banks’ funding habits and the country’s high levels of household debt warrant stricter regulations ‘in certain respects’
ESRB handbook calls on macro-prudential regulators to overcome ‘inaction bias'
Comprehensive guidance on macro-prudential tools was published yesterday by the European Systemic Risk Board
Ingves says banking industry must acknowledge problem around risk weights
The variation in how banks set risk weights is a problem that some in the industry are ignoring, says Basel Committee chairman
Ingves: Basel Committee still has ‘quite a bit of work to do’ on leverage ratio
Stefan Ingves tells banking supervisors in Asia-Pacific there is plenty of work left to do before the Basel Committee will be able to settle on the final calibration of the leverage ratio
Ingves calls for consistency in risk weights for credible capital ratios
BCBS chair says underlying differences in risk drive lion's share of risk-weight variations, but some arise from supervisory and practice-based idiosyncrasies
People: Israel appoints new currency head; ESRB re-elects Ingves
ESRB also reappoints Marek Belka, president of the National Bank of Poland, to steering committee and appoints Richard Portes, founder of CEPR, to Advisory Scientific Committee
Riksbank worries over fallout from ‘sharp corrections' in house prices
Swedish households' interest-rate expectations guided by current levels rather than projections, recently published document finds; Lars Svensson calls findings potentially ‘biased and misleading'
Riksbank board grappling with ‘genuine policy dilemma'
Minutes show last month's cut in interest rate was preceded by considerable apprehension, with one board member describing it as his ‘most difficult' decision to date at the central bank
Riksbank cuts rates on falling inflation, leaning less against the wind
Swedish central bank cuts interest rates by 25bp to 0.75% to counter falling inflation; household debt levels still a risk, says Ingves, but calls on ‘others' to do more to keep them in check
Sveriges Riksbank overhauls communication strategy
Sweden's central bank will focus on ‘dialogue' to better explain its operations; 'openness and clarity' remain guiding principles for the bank, which regularly tops transparency rankings
Ingves says Basel reforms must move ahead
Resolving issues around regulatory implementation will take time, Basel Committee chairman says, but he emphasises the ‘status quo cannot be maintained'
Ingves addresses Basel 25th anniversary audience
Riksbank governor and Basel committee chair highlights five developments over the past quarter of a century, including a shift from a micro- to a macro-prudential perspective
Scandinavians open macro-pru toolbox to cool overheated housing markets
Rising property prices, increasing household debt and towering banking sectors are pushing Norway, Sweden, and Denmark to consider unconventional measures to pre-empt a crash
Riksbank holds rates as IMF sees ‘sizeable' risks at Swedish banks
Interest rates held at 1% as Swedish central bank attempts to support growth without adding to household debt stock; IMF Article IV report frets over large and vulnerable financial system
Basel Committee finds ‘considerable variation' in bank risk-weights
Variation in bank risk-weights 'driven by diversity in bank and supervisory practices', says Basel Committee as it also moves to strengthen oversight of investments in equity funds
Sweden's Riksbank holds rates, but new deputy dissents
Ingves suggests the possibility of another increase in mortgage risk-weights after they were raised to a minimum of 15% in April; Riksbank estimates consumer price inflation to remain at 1% in 2013
Basel Committee reveals leverage ratio formula
Proposals detail leverage ratio calculation framework and disclosure requirements that will enter force in 2015; committee keeps options open for a higher leverage ratio than originally planned