Regulation
IMF warns Tuvalu risks exclusion from global banking system
Country must improve AML framework and domestic lending practices, fund says
Bolivia places new restrictions on FX movements
All transactions over $20,000 must go through banking system
Capital and liquidity rules work better together, BoE paper finds
Literature review finds having both requirements is better than just one, but “significant gaps exist”
Kuwaiti central bank orders local national quota for bank managers
Central bank says 70% of management of local banks must be Kuwaitis by 2023
Final FSB report warns ‘gaps’ remain in resolution framework
Study highlights “progress” but also shows “more can be done”, says Claudia Buch
Bank regulation can ease non-bank distortions – BIS paper
Authors challenge common narrative that bank regulation can worsen non-bank instability
Fed vice-chair: Libor will end
Libor use has expanded, but Quarles says Fed is looking for transition plans
US regulators end leverage ratio exemption
Fed, OCC and FDIC stick to March 31 end date despite reports of industry lobbying
Myanmar central bank suspends over 200 staff for coup protests
Move comes as junta cracks down on government employees joining opposition protests
BoE’s Woods says PRA needs more rulemaking powers
PRA chief dismisses “caricature” of the “rampant regulator intent on crushing the industry”
Pandemic payout freeze increased lending - BIS paper
Research finds restrictions depressed equities but augmented capital buffers and boosted loans
‘Do bank supervisors wear too many hats?’ asks BIS paper
Many countries require array of mandates beyond “safety and soundness”, authors say
SEC task force to enforce green and ESG rules
US regulator says task force aims to “proactively address” disclosure gaps
Myanmar central bank caps cash withdrawals
Officials claim measure is part of digital transition, while the military grows more violent
US regulators issue emergency guidance on Texas storms
Joint statement addresses disruptions caused by last week’s snowfall
Fed extends reach of netting rule
Amendment extends regulation’s scope to BIS and foreign central banks
New Nicaragua law may isolate local banks
Law could require domestic banks to maintain accounts of people under sanctions
Fed’s Bowman discusses changes to antitrust law
Board member wants competition policy to take better account of smaller banks
RBI launches fresh bid to reform co-operative banks
Former deputy brought in to investigate measures to strengthen the troubled sector
CCP open access will be ‘integral’ part of Mifid review
EC official says politicians will need to decide whether to further delay open access
One-size-fits-all regulation won’t meet fintech challenge – FSI paper
Banks and big tech require specific approaches to ensure system stability, says Fernando Restoy
Final NSFR rule unlocks subsidiary funding for US banks
Technical clarification allows subsidiary capital to be assigned as funding for consolidated group
Central clearing proved resilient in ‘dash for cash’ – BoE’s Segal-Knowles
Challenge now is to “sustain and strengthen” the system, says executive director